Fury at top Credit Suisse managers. Lament over damage to Switzerland's image as a stable, reliable banking centre. Relief that authorities stepped in to help protect deposits, but worry about keeping cash invested in a bank that failed to manage its own money adequately.
Pictet — whose husband hails from a legendary banking family in Switzerland — said she's not gotten any communication from the bank about how to proceed but praised the government for a “wise decision” that reassured many Swiss residents like her. She said Tuesday that she's had no trouble withdrawing cash.
“It is impermissible that the companies are secured by tax dollars but the employees come away with nothing," the group said in a prepared statement."The billions in guarantees from the federal government must be linked to conditions favorable to the employees.” The Swiss central bank and government have since guaranteed loans to the combined bank worth hundreds of billions of dollars.
All those criminal organizations and dictatorships need a place to hide their billions safely... Canada would be a safer place as Trudeau looks after them...
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheTorontoSun - 🏆 23. / 68 Read more »
Source: calgaryherald - 🏆 64. / 52 Read more »
Source: nationalpost - 🏆 10. / 80 Read more »