America’s banks are missing hundreds of billions of dollars

Re:America’s banks are missing hundreds of billions of dollars by brabel on Wednesday March 22, 2023 @07:44AM (#35259592)

EU banks are ok? Didn't Credite Suisse just go under and had to be forcedly saved by its main competitor?

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Re:America’s banks are missing hundreds of billions of dollars by Maakuth on Wednesday March 22, 2023 @08:27AM (#35259997)

Credit Suisse is Swiss. Switzerland is not a member of EU and they don't use euro.

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Re:America’s banks are missing hundreds of billions of dollars by brabel on Thursday March 23, 2023 @03:11AM (#35271406)

I appreciate the correction but that probably doesn't change the point being made, as the economy of Switzerland is obviously closely tied to that of the EU (when I read EU I normally think Europe, not just European Union, which is my mistake, but in conversations like this I think "Europe" would be the better term after all).

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Re:America’s banks are missing hundreds of billions of dollars by umanwizard on Wednesday March 22, 2023 @08:04AM (#35259784)

I have no idea about the substantive discussion, but just to point out: Switzerland is not in the EU.

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Re:America’s banks are missing hundreds of billions of dollars by the_mitsuhiko on Wednesday March 22, 2023 @07:55AM (#35259681)

Credite Suisse's problems predate the interest rate issues by years.

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Re:America’s banks are missing hundreds of billions of dollars by disgruntledphd2 on Wednesday March 22, 2023 @11:50AM (#35262945)

Yeah, I almost added CS to the original post, but their problems were relatively unique to them, rather than being an extreme case of a common problem, like regional banks in the US (who didn't need to hedge interest rate risk).

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