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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 throwntoday on Wednesday March 15, 2023 @03:01PM (#35173135)
Not stating an opinion but isn't that more of an issue with countries that choose to do business with Switzerland?

Swiss banking privacy and their grey/black practices are sovereign decisions they have every right to make but it appears that countries are willing to turn a blind eye to it. We could wax on about morality but the real issue here is it's tolerated by the rest of the world so they have little pressure to change.

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Re:Credit Suisse sheds nearly 25%, key backer says no more m... by mike_hearn on Wednesday March 15, 2023 @03:50PM (#35173790)
Switzerland doesn't have any unusual banking privacy laws anymore, those were abolished a long time ago. The US imposes crippling sanctions on any country that doesn't implement the same financial crime / tax information laws as themselves, so Switzerland came into compliance with US policy on that.
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