
Swiss Government Plans to Lock Away Secrets on Credit Suisse Collapse for 50 Years
• Wall Street on ParadeThe "Deep State" is increasingly feeling like the "Deep Banking State."
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The "Deep State" is increasingly feeling like the "Deep Banking State."
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Swiss government confirms Credit Suisse takeover by UBS and says, "the bankruptcy of a global systematically important bank would have caused irreparable economic turmoil."
So much for Credit Suisse thinking it has leverage by balking at the proposed CHF0.25 offer from UBS.
--replaced by Ukrainian refugees
As in neighboring Germany and Austria, cash is still king in Switzerland albeit a much diminished one. But the Swiss will soon have the chance to vote on whether to preserve notes and coins indefinitely.