3.23.2023

Natural yet complicated

Credit Suisse Group AG (SWX: CSGN ) has recently become the poster boy for the phrase "Too big to fail (TBTF)."

Given that UBS Group AG (SWX: UBSG) demanded ₣12,500 for each resident of Switzerland from the Swiss government as a guarantee in the form of tax money to complete the purchase of SWX:CSGN, I sincerely hope that this bailout package is enough to save the bank.

Since Switzerland is the land of the banks, I fully understand that they absolutely cannot let a bank fail.


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