OTS: Badische Zeitung / The case of Credit Suisse: The system is capable of learning …

The case of Credit Suisse: The system is capable of learning / comment by

Bernd Kramer

Freiburg (ots) – Instead of hesitating for a long time, the bank was first with a

Liquidity injection from the central bank, as customers lack of confidence

withdrew billions of francs. After it became clear that this was not enough,

to prevent a collapse of the tottering money goliath, one grabbed from

Sides of the state quickly to tougher means. This speed is one

Lesson learned from the 2008/2009 financial crisis, when the world collapsed because of a bank failure and

hesitant reactions to the brink of a financial collapse. Only if that

State intervenes with power and determination in the capital market, that can

Trust can be restored on which the system is based. Whether the

state-mandated forced marriage of UBS with CS is the better way or at least

direct state entry into the crisis bank would have been more useful

difficult to say. The rescue of CS under the umbrella of UBS will indeed

Weaken competition and cost many jobs. But at least she has that

Advantage that there is a perspective for the Swiss financial center – with one

Large bank that does what the Swiss are very good at: the assets of others

administer. https://www.mehr.bz/khs79m

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OTS: Badische Zeitung

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