Swiss banks are just plays to them. They are not crucial or core to their operations. Money already moved to Asia after Swiss banking secrecy fell after the GFC of 2008. HSBC is still up and running, it's the biggest, baddest and most thorough money laundering & illicit financial transaction G-SIFI bank, esp. the Singapore branch.
They will cut up and sell CS assets, just like Lehman and the rest.
Swiss banks are just plays to them. They are not crucial or core to their operations. Money already moved to Asia after Swiss banking secrecy fell after the GFC of 2008. HSBC is still up and running, it's the biggest, baddest and most thorough money laundering & illicit financial transaction G-SIFI bank, esp. the Singapore branch.
They will cut up and sell CS assets, just like Lehman and the rest.