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A comment on Credit Suisse sheds nearly 25%, key backer says no more money. Parent comment

Re:Credit Suisse sheds nearly 25%, key backer says no more m... by berkle4455 on Wednesday March 15, 2023 @11:31AM (#35169860)
A) A brokerage isn’t a bank

B) It wouldn’t matter anyway you still own the shares of stocks or the bonds. They don’t magically disappear if the entity fails.

C) Additionally there’s SIPC

[ Parent | on HN ]
Re:Credit Suisse sheds nearly 25%, key backer says no more m... by gadders on Wednesday March 15, 2023 @01:25PM (#35171731)
>>B) It wouldn’t matter anyway you still own the shares of stocks or the bonds. They don’t magically disappear if the entity fails.

They don't disappear, but how can you get them in a hurry if your custodian fails?

[ Parent | on HN ]