“Credit Suisse has no solidity/liquidity issue but a confidence problem”: my interview in Al Mayadeen.
Philippe D. Monnier
![Philippe D. Monnier]()
Philippe D. Monnier
Entrepreneur / Board Director / Interviewer of Business & Political Leaders / Event Organizer
I was interviewed by an array of foreign media about the Credit Suisse's crisis, including by Al Mayadeen, a leading pan-Arabist satellite news television channel.
I emphasized my belief that Credit Suisse has no financial solidity issue and no liquidity issue. The recent plunge of Credit Suisse’s shares is due to a somewhat irrational confidence crisis that has been hopefully solved thanks to the rapid and decisive support of the Swiss National Bank.
Hello Philippe Agreed with the outcome of your interview. However the banking sector must be aligned with endorsed ECB policies!! De facto the business concept should be calling for a joint protection scheme CS+UBS ( if not we will be facing similar scenario as the past Swiss Air crisis with a more severe result) Tout de bon