If the taxpayer is going to have to bailout CS then I will demand that CS becomes property of the state. I consider the SNB part of the state so if this is going to cost the SNB a large sum I will not be happy.
Also what were all the stress tests for and the new liquidity requirements that Swiss banks had to follow unlike SVB etc.?
Edit: According to the media the bank does not have any liquidity problem but a reputation problem. There has been so much bad news in the last few years that people just don't trust CS. However according to the FINMA the bank is stable and worst case they would get liquidity from the SNB.
The regulators are considering possibly splitting off the Swiss part of CS and some other scenarios.
Also what were all the stress tests for and the new liquidity requirements that Swiss banks had to follow unlike SVB etc.?
Edit: According to the media the bank does not have any liquidity problem but a reputation problem. There has been so much bad news in the last few years that people just don't trust CS. However according to the FINMA the bank is stable and worst case they would get liquidity from the SNB.
The regulators are considering possibly splitting off the Swiss part of CS and some other scenarios.