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| Type | Media Coverage |
| Title | CS takeover by UBS – why did the “too big to fail” law fail? |
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| Date | March 21 - 2023 |
| Abstract/Keywords | Not because of trust: Ultimately, CS stumbled because its equity capital was too low, says banking professor Marc Chesney. Those interested in history may still remember: After the UBS rescue in 2008, politicians discussed the “too big to fail” rules at length. Rules for banks that are so big that, if they go bankrupt, they could plunge the economy into a crisis and trigger an international financial crisis. The financial requirements were increased and there were clear rules on how a big bank can still be wound up in the event of a crisis. |
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