RE: Worrying Times
You are viewing a single comment's thread:
Compared to all other banks, Credit Suisse has the advantage of being Swiss. In case of a global meltdown As soon as the global meltdown happens, the Swiss National Bank will be one of the richest entity on the planet thanks to them buying up assets to keep the Swiss Franc down. Bailing out Swiss banks will only require an asset transfer into their books. Others won't have that luxury.
0
0
0.000
That is different to what I have read as they are already selling off assets. Reports suggest the bank is already bankrupt and this is a done deal.
Posted Using LeoFinance Beta
I'm not following the daily finance news cycle, but the SNB gave the green lights to CS regarding its stability in June (German article). My interpretation would be that the SNB would bail them out in case of an imminent crisis, as it isn't the CS's portfolio that is the problem, but the global economic situation, hence, external effects.