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It was repeatedly said that Credit Suisse originally had a trust problem, but not a liquidity problem. One thing is clear: there is deposit insurance in Switzerland to protect account balances (deposits) in the event of an insolvency of a bank or securities firm.
Following several years of scandals, Switzerland's Credit Suisse bank collapsed in March 2023. It was purchased by Swiss rival UBS for about $3.3 billion in a deal approved by Swiss regulators without shareholder approval.
Although a Credit Suisse collapse wouldn't make a significant or specific dent in regional FDI, the potential loss of access to investment support at one of the banks global branches or international bank accounts, either personal or business, could potentially harm companies that are already using the banks services ...
The failure of Credit Suisse was a serious test of the reforms of banking regulation made after the global financial crisis of 2007-09. It was the first failure of a large, interconnected bank that was considered 'too big to fail'.
One Bank Collaboration (OBC) is all about having an established network of colleagues who have the trust in each other to execute and deliver the right solutions to the bank's clients. Through this strategy, Credit Suisse generates creative solutions and enables stronger client relationships.
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.
Following several years of scandals, Switzerland's Credit Suisse bank collapsed in March 2023. It was purchased by Swiss rival UBS for about $3.3 billion in a deal approved by Swiss regulators without shareholder approval.
The Americas region comprises Credit Suisse's operations in the US, Canada, the Caribbean and Latin America. Our three divisions are strongly represented across the region. With offices in 44 cities spanning 14 countries, we offer our clients local access to our global resources in their home markets.