
Hi. There’s like a dozen posts about Credit Suisse right now. We have removed them all and bundle them in this mega thread.
Background articles: [Tamedia](https://www.derbund.ch/aktie-der-credit-suisse-stuerzt-erneut-ab-421720109693), [Watson 1](https://www.watson.ch/schweiz/wirtschaft/926221461-kollaps-geruechte-um-credit-suisse-was-gerade-passiert-in-4-punkten), [watson analysis](https://www.watson.ch/wirtschaft/schweiz/914052003-credit-suisse-in-der-krise-warum-die-cs-ohne-badehosen-schwimmt)
List of removed threads:
– https://www.reddit.com/r/Switzerland/comments/xui0km/how_likely_do_you_think_it_is_that_snb_is_going/ – u/LatterFunction7527
– https://www.reddit.com/r/Switzerland/comments/xug5xr/what_do_you_think_about_the_rumours_of_credit/ – u/Alex09464367
– https://www.reddit.com/r/Switzerland/comments/xub1e5/credit_suisse_meets_the_gme_reddit_monkeys/ – u/sauron_78
Also yesterday’s thread which was not removed: https://www.reddit.com/r/Switzerland/comments/xtloki/is_credit_suisse_about_to_do_a_lehman_brothers/
Do not take this as any indication that anything is wrong or going to happen, nor as an indication that nothing will happen. This is simply an attempt of your mod team to not have five threads on one topic.
This is not legal or financial or other advise.
10 comments
From Bloomberg (who have an ongoing series of articles):
“While the credit default **swap levels are still far from distressed** and are part of a broad market selloff, they signify deteriorating perceptions of creditworthiness for the scandal-hit bank in the current environment. There is now a roughly 23% chance the bank defaults on its bonds within 5 years.”
*IMHO the fear mongering is overblown.*
Good
Thank you for this. It was getting annoying. I prefer the posts on VAT refunds, best travel itinerary, 4h layover at Zurich.
And the unbeaten champion “how to move to Swiss (non-EU)”.
Good
Good
Thank you for this!
So something is going to happen
What bank do you recommend? I have a CS but was clueless when I arrived.
I just moved in Switzerland and a freaking bank is about to fail.
Sorry guys
Bluewin published an article posing the rhetoric question whether the government will have to bail out Credit Suisse like it did with the UBS.
Bailing them out would only make sense if the damage for Swiss economy was far more devastating than without bailing them out. I don’t think that’d be the case, but I’m far from being an expert.
I’m tired though of investor’s losses being collectivized. When they want full profit, they also have to carry full risk.