Swiss Banking Lawyers Podcast

Credit Suisse Financial Crisis Explained. The problem is more of a bad image crisis than a financial crisis. The most frequent question is. Which bank is super safe for depositing the assets? Investors are scared. The Credit Suisse bondholders who lost 16 billion Swiss francs are angry and furious. The pension fund of Migros, Switzerland’s biggest supermarket chain, lost 100 million CHF with Credit Suisse coco bonds or additional tier 1 bonds. They ask for justice. A dozen US law firms are preparing a class action against UBS, FINMA, the financial watchdog, the Swiss National Bank, and the Swiss government. They want me to cooperate. In this video, I will disclose my opinion, including the arguments of the AT1 bondholders for a class action. I will tell you how I answered the phone calls. Table of Content 00:00 Credit Suisse crisis explained 01:51 US banks are going bust 02:23 What happens with Credit Suisse? 04:11 Saudi National Bank and Credit Suisse 04:48 Swiss National Bank Credit Suisse 05:08 Credit