Tag Archives: Credit Suisse

Echo der Zeit, SRF, 12 May 2023. HTML with link to audio file. Implications of capital injections and liquidity assistance for the federal government, the SNB, and Switzerland.

Die Credit Suisse verliert ihren Platz im MSCI Switzerland. Das teilte die Index-Betreiberin mit. Die CS-Aktien werden durch Helvetia ersetzt.

Many Swiss politicians and members of the public remain angry about the recent rushed government deal to head off the potential collapse of Credit Suisse. This week a majority of the National Council, Switzerland’s federal parliament, voted in favour of measures to reduce the risk systemic big banks pose to taxpayers, reported RTS. © Pincasso | Dreamstime.comSpearheaded by Prisca Birrer-Heimo, a member of the Socialist Party in Luzern, the National Council voted in favour of two changes....

Part II of II by Claudio Grass A real systemic crisis If there was one thing more telling than the bank failures themselves, it was the governments’ reaction to them. The sheer panic that shook US, Swiss and Eurozone officials was almost pitiable to behold. The way they all rushed to make statements denying that this would be a repeat of 2008 was alarming instead of reassuring. And their apparent, urgent desperation to be believed was perhaps reason enough why they shouldn’t...

Part II of II by Claudio Grass A real systemic crisis If there was one thing more telling than the bank failures themselves, it was the governments’ reaction to them. The sheer panic that shook US, Swiss and Eurozone officials was almost pitiable to behold. The way they all rushed to make statements denying that this would be a repeat of 2008 was alarming instead of reassuring. And their apparent, urgent desperation to be believed was perhaps reason...

Die von der Finma angeordnete Abschreibung von 16 Milliarden Franken an Nachranganleihen der Credit Suisse wird wie erwartet angefochten. Beim Bundesverwaltungsgericht in St. Gallen sind bislang vier Beschwerden gegen das Vorgehen der Finma eingegangen, teilte ein Sprecher auf Anfrage von Bloomberg mit.

Part I of II by Claudio Grass It might sound like an old-fashioned notion, the sort of thing that one reads about in period novels and romantically sighs “oh, the good old days”. It might sound like old timely advice, perhaps of the kind that our grandparents would have given to our parents: “It doesn’t matter if you make mistakes, even if you lose everything, as long as you still have your honor”. Sure. But in our cynical, jaded and largely pedestrian day and age, the idea of...

Part I of II by Claudio Grass It might sound like an old-fashioned notion, the sort of thing that one reads about in period novels and romantically sighs “oh, the good old days”. It might sound like old timely advice, perhaps of the kind that our grandparents would have given to our parents: “It doesn’t matter if you make mistakes, even if you lose everything, as long as you still have your honor”. Sure. But in our cynical, jaded and largely pedestrian...

I hope you will enjoy my latest interview with Maneco64. [embedded content] Claudio Grass, Hünenberg See, Switzerland This work is licensed under a Creative Commons Attribution 4.0 International License. Therefore please feel free to share and you can subscribe for my articles by clicking here

During a meeting on 5 April 2023, Switzerland’s Federal Council decided to axe or cut the bonuses of around 1,000 people at Credit Suisse. © Octavian Lazar | Dreamstime.comThe move follows a rushed acquisition deal involving UBS and the Swiss authorities after a bank run threatened Credit Suisse’s solvency in mid-March. Switzerland’s Banking Act allows the Swiss government to impose remuneration-related measures if a systemically important bank is directly or indirectly granted state...