“Now was not the time for an experiment.
The Swiss Minister of Finance, Karin Keller-Sutter, assumes in an interview with the
Neue Zürcher Zeitung
the
decision taken on Sunday March 19: not to be the first place to "experiment" the process of orderly bankruptcy of a systemic bank such as It's been around since the collapse of Lehman Brothers in 2008.
Berne preferred to force the absorption of Credit Suisse by UBS.
The “trinity” formed by the minister, the governor of the central bank and the boss of the banking supervisor said so on the evening of Wednesday March 15 to the president of Credit Suisse, Axel Lehmann, and to its managing director, Ulrich Körner.
A threatening call against the backdrop of the collapse of Credit Suisse shares and the flight of deposits.
“This is not optional
,” they say to bankers.
September 15, 2008: The weekend at the New York Fed was in vain: As of 1:45 a.m. on Monday, Lehman Brothers is bankrupt Andrew Winning/Reuters
A phone call announcing one of these negotiations of which finance has the secret, entirely tense to achieve a result before Monday morning...
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