From the “Oh doctor, I’m in trouble” files – Credit Suisse bank under severe pressure.
peterhalligan.substack.com
Here is an intra-day chart and a five year chart of Credit Suisse (CS): H/t CitizenFreePress.com for alertingPeter’s Newsletter is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
You mentioned the BNP Paribas maybe being vulnerable to problems at CS. I have an account with BNP, not much in it, but I keep it open as I have a small loan with them. Do you know what happens when a bank collapses? I know they can bail in our deposits over and above a certain amount but what happens if we still owe them money or have an overdraught?
You mentioned the BNP Paribas maybe being vulnerable to problems at CS. I have an account with BNP, not much in it, but I keep it open as I have a small loan with them. Do you know what happens when a bank collapses? I know they can bail in our deposits over and above a certain amount but what happens if we still owe them money or have an overdraught?