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A comment on Credit Suisse finds ‘material weakness’ in reporting, scraps exec bonuses. Parent comment

Re:Credit Suisse finds ‘material weakness’ in reporting, scr... by omgomgomgomg on Tuesday March 14, 2023 @04:44PM (#35158233)
Can you check how that data looked for ubs and CS before they habe been bailed out?

I am certain the Swiss government will bail them out, direct democracy be damned.

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Re:Credit Suisse finds ‘material weakness’ in reporting, scr... by slt2021 on Tuesday March 14, 2023 @05:34PM (#35159139)
Switzerland's wealth is tied to the reputation of their banks being top tier.

Swiss bankers already lost a lot of customers to US banks, letting CS fail would have very bad consequence on Swiss economy long term

[ Parent | on HN ]