Fundamental: Switzerland faced a full-scale bank run if Credit Suisse went bankrupt, Swiss regulator argues

Allowing the bankruptcy of troubled lender Credit Suisse would have crippled Switzerland's economy and financial center and likely resulted in deposit runs at other banks, Swiss regulator FINMA said Wednesday. FINMA (the Swiss Financial Market Supervisory Authority) and the Swiss central bank brokered UBS' takeover for embattled Zurich rival Credit Suisse ...     Alert Apr 5, 2023, 7:36pm Fundamental: Switzerland faced a full-scale bank run if Credit Suisse went bankrupt, Swiss regulator argues Allowing the bankruptcy of troubled lender Credit Suisse would have crippled Switzerland's economy and financial center and likely resulted in deposit runs at other banks, Swiss regulator FINMA said Wednesday. FINMA (the Swiss Financial Market Supervisory Authority) and the Swiss central bank brokered UBS' takeover for embattled Zurich rival Credit Suisse ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support