The Federation Council commented on the problems of Credit Suisse in Switzerland

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The Federation Council commented on the problems of Credit Suisse in Switzerland

The Federation Council commented on the problems with Credit Suisse in Switzerland – RIA Novosti, 03.16.2023

The Federation Council commented on the problems of Credit Suisse in Switzerland

Europe’s anti-Russian sanctions policy has shaken investor confidence, capital flight will only increase, says head of constitutional committee… RIA Novosti, 03/16/2023

2023-03-16T09:22

2023-03-16T09:22

2023-03-16T09:22

economy

Europe

Andrey Klishas

credit suit

Federation Council of the Russian Federation

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MOSCOW, March 16 – RIA Novosti. Europe’s anti-Russian sanctions policy has shaken investor confidence, capital flight will only increase, said Andrei Klishas, ​​head of the Federation Council’s constitutional committee. “What is happening with Credit Suisse in Switzerland confirms that Europe’s sanctions policy (and Switzerland, despite its declared neutrality, has joined the sanctions) has undermined the confidence of investors around the world in the reliability of the courts. Europe, the flight of capital from Europe will only increase”, – wrote the senator on his Telegram channel. One of Switzerland’s biggest banks, Credit Suisse, said it would borrow up to 50 billion Swiss francs (about $53.7 billion) from the country’s central bank. Earlier, financial commentator and best-selling author of “Rich Dad Poor Dad” Robert Kiyosaki said the next bank to fail after US bank Silicon Valley (SVB) collapsed will be one of the biggest Swiss banks Credit Swiss. He accurately predicted the collapse of US banking giant Lehman Brothers in 2008. Credit Suisse Group’s largest shareholder, the Saudi National Bank, later ruled out bailing out the Swiss bank, citing regulatory concerns. In this context, the Credit Suisse share fell 24.2% at the close on Wednesday, to 1.7 Swiss francs per share, and in stock market prices, the fall exceeded 30%.

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Europe

2023

News

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economy, europe, andrey klishas, ​​credit suisse, federation council of the russian federation

The Federation Council commented on the problems of Credit Suisse in Switzerland