Be careful with those politicians. In Spain our useless politicians are already proposing to create another "bad bank" for all the unpaid credit given during the pandemic, and we're talking a shitload of money here.
Of course Credit Suisse's collapse (ahhh, those "responsible" Swiss people) will be much bigger and, in time, will send shockwaves through the global financial industry.
Take into account the problems at Credit Suisse started 2 years ago with Archegos, Greensill etc.
There must be tons of bad loans under the carpet. Let's see how things unravel in a few years... There are more banks that will collapse.
Of course Credit Suisse's collapse (ahhh, those "responsible" Swiss people) will be much bigger and, in time, will send shockwaves through the global financial industry.
Take into account the problems at Credit Suisse started 2 years ago with Archegos, Greensill etc.
There must be tons of bad loans under the carpet. Let's see how things unravel in a few years... There are more banks that will collapse.