# What would happen if Credit Suisse goes bust? **URL:** \ **Category:** Coffee\ **Created:** [October 1, 2022, 10:42pm UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081 "2022-10-01T22:42:34Z")\ **Posts on this page:** 20\ **Page:** 4
**Author:** ![Wolverine](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/wolverine/32/3315_2.png) [@Wolverine](https://forum.mustachianpost.com/u/Wolverine)\ **Post date:** [October 27, 2022, 5:03pm UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/61 "2022-10-27T17:03:17Z")
I took my assets to Frankly. While the law protects our assets at VIAC in case of CS bankruptcy, nothing would protect us from an elaborate fraud where those assets would be shown on paper but not really exist underneat. I really don’t trust CS for anything and had turned a blind eye until now because I really like VIAC but at this point, I really don’t want to have anything to do with CS. ---
**Author:** ![Wolverine](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/wolverine/32/3315_2.png) [@Wolverine](https://forum.mustachianpost.com/u/Wolverine)\ **Post date:** [October 27, 2022, 5:30pm UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/63 "2022-10-27T17:30:59Z")
> [@logitacher](#): > > CS would need to falsify your buy transactions or not actually buy the ETFs/mutual funds at all etc. etc. I may be a bit of a paranoid one, but that is something I believe CS could be tempted to try to do, or may be already doing. Several very big problems would have to have occured, at CS, the agency/ies auditing them and the regulators, for it to happen, but I wouldn’t put the chance at 0. My basic stance is “don’t do business with entities you don’t trust”. There are high chances VIAC users would recover all their assets in case of CS bankruptcy and I acknowledge that. I just don’t want them having anything to do with anything of mine if I can avoid it. ---
**Author:** ![ma0](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/ma0/32/3259_2.png) [@ma0](https://forum.mustachianpost.com/u/ma0)\ **Post date:** [October 27, 2022, 7:12pm UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/64 "2022-10-27T19:12:47Z")
That sounds a bit too tinfoil-hat-esque 🙂 I believe some people want to do as much money as possible, but they don’t need to break the main rules. They use the rules and maximize their profit. In other words: falsify=bad. hedge/invest in risky stuff=“good”. ---
**Author:** ![johndoe1](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/j/13edae/32.png) [@johndoe1](https://forum.mustachianpost.com/u/johndoe1)\ **Post date:** [October 28, 2022, 9:17am UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/65 "2022-10-28T09:17:08Z")
> [@ma0](#): > > That sounds a bit too tinfoil-hat-esque 🙂 Not necessarily imho. There have been too greedy banks in the past. Historically, banks have not known to be the most ethically acting ventures. I think I don’t need to mention the despicably dirty details here. And looking at Wirecard or Enron, I get the impression that our dear audit companies are doing a **very** poor job sometimes. These were epic fraud cases, and in case of Wirecard, even the media and politicians naively supported them. I actually know of someone working in audit that there are substantial cover-ups. I can only hope for strong regulation and law enforcement, because I do not trust the finance industry. ---
**Author:** ![Dr.PI](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/dr.pi/32/5299_2.png) [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)\ **Post date:** [November 21, 2022, 2:37pm UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/67 "2022-11-21T14:37:05Z")
4 posts were merged into an existing topic: [3a solution from Finpension](https://forum.mustachianpost.com/t/3a-solution-from-finpension/4522/486) ---
**Author:** ![johndoe1](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/j/13edae/32.png) [@johndoe1](https://forum.mustachianpost.com/u/johndoe1)\ **Post date:** [November 30, 2022, 7:38am UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/68 "2022-11-30T07:38:52Z")
> [@Dr.PI](#): > > Switching to Swisscanto funds at finpension 🤣 Same here, abandoning the CS ship for a hopefully more waterproof one 😂 ---
**Author:** ![ma0](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/ma0/32/3259_2.png) [@ma0](https://forum.mustachianpost.com/u/ma0)\ **Post date:** [November 30, 2022, 7:58am UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/69 "2022-11-30T07:58:22Z")
I don’t understand this panic. If the bank goes bust, the funds get transferred to another bank and possibly change name. 3a funds are not so critical, it’s not like you need to sell them continously. There might be some days where you can’t access it, but be sure they won’t disappear in thin air. ---
**Author:** ![johndoe1](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/j/13edae/32.png) [@johndoe1](https://forum.mustachianpost.com/u/johndoe1)\ **Post date:** [November 30, 2022, 8:03am UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/70 "2022-11-30T08:03:27Z")
I agree, but Swisscanto seems to be as good as CSIF, and I got the choice, so why not? Also, I’d hate to have to deal with any administrative issues if CS goes bust. Lastly, I just don’t trust CS anymore, too many fuck-ups for my taste. ---
**Author:** ![Wolverine](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/wolverine/32/3315_2.png) [@Wolverine](https://forum.mustachianpost.com/u/Wolverine)\ **Post date:** [November 30, 2022, 6:41pm UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/71 "2022-11-30T18:41:17Z")
For me, it’s not really about panic but trust, as johndoe has stated. CS isn’t an entity I want to do business with, not directly, nor indirectly. There are alternatives so I am using them. ---
**Author:** ![Zerte2](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/zerte2/32/2870_2.png) [@Zerte2](https://forum.mustachianpost.com/u/Zerte2)\ **Post date:** [November 30, 2022, 7:56pm UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/72 "2022-11-30T19:56:06Z")
There could be a bail-in: customer accounts might be scalped, Cyprus-style. ---
**Author:** ![nabalzbhf](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/nabalzbhf/32/3277_2.png) [@nabalzbhf](https://forum.mustachianpost.com/u/nabalzbhf)\ **Post date:** [November 30, 2022, 9:01pm UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/73 "2022-11-30T21:01:20Z")
Why? Is there a reason to believe they don’t have the matching assets? ---
**Author:** ![jay](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/j/ed8c4c/32.png) [@jay](https://forum.mustachianpost.com/u/jay)\ **Post date:** [November 30, 2022, 9:03pm UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/74 "2022-11-30T21:03:09Z")
Bail-in would affect neither segregated assets such as funds nor privileged claims. I would certainly not want to hold a large amount of cash at CS but I’m not concerned about segregated assets. ---
**Author:** ![Zerte2](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/zerte2/32/2870_2.png) [@Zerte2](https://forum.mustachianpost.com/u/Zerte2)\ **Post date:** [December 1, 2022, 2:12am UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/75 "2022-12-01T02:12:46Z")
> [@nabalzbhf](#): > > Why? Is there a reason to believe they don’t have the matching assets? The context of my reply is “if the bank goes bust”. ---
**Author:** ![wavemotion](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/wavemotion/32/4575_2.png) [@wavemotion](https://forum.mustachianpost.com/u/wavemotion)\ **Post date:** [March 10, 2023, 12:15am UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/76 "2023-03-10T00:15:36Z")
Latest news is pretty bad ---
**Author:** ![Wolverine](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/wolverine/32/3315_2.png) [@Wolverine](https://forum.mustachianpost.com/u/Wolverine)\ **Post date:** [March 10, 2023, 2:49am UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/77 "2023-03-10T02:49:59Z")
I haven’t followed it, what are the latest news? ---
**Author:** ![Dr.PI](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/dr.pi/32/5299_2.png) [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)\ **Post date:** [March 21, 2023, 2:58pm UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/78 "2023-03-21T14:58:59Z")
17 posts were merged into an existing topic: [HardturmstrasseBets](https://forum.mustachianpost.com/t/hardturmstrassebets/10045/2) ---
**Author:** ![ma0](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/ma0/32/3259_2.png) [@ma0](https://forum.mustachianpost.com/u/ma0)\ **Post date:** [March 10, 2023, 8:17am UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/79 "2023-03-10T08:17:34Z")
CS delays its annual report. That’s all I"ve heard. I should really learn to use puts. Seems fun. ---
**Author:** ![mabi](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/mabi/32/3568_2.png) [@mabi](https://forum.mustachianpost.com/u/mabi)\ **Post date:** [March 10, 2023, 8:35am UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/80 "2023-03-10T08:35:48Z")
Just saw by chance some headline in the NZZ that the US is putting its nose into CS, if I got that correctly… ---
**Author:** ![wavemotion](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/wavemotion/32/4575_2.png) [@wavemotion](https://forum.mustachianpost.com/u/wavemotion)\ **Post date:** [March 10, 2023, 8:44am UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/81 "2023-03-10T08:44:42Z")
On twitter they are making it as big deal…like the next one that is going to fail (after SVB) [https://www.reuters.com/business/finance/credit-suisse-delays-publication-annual-report-following-sec-call-2023-03-09/](https://www.reuters.com/business/finance/credit-suisse-delays-publication-annual-report-following-sec-call-2023-03-09/) > [@HardturmstrasseBets](https://forum.mustachianpost.com/t/hardturmstrassebets/10045/2): > > Haven’t followed either, but my march 17 @3.03 puts are 52% up Some people (insiders I guess) have made millions with SVB yesterday with puts ---
**Author:** ![Wolverine](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/wolverine/32/3315_2.png) [@Wolverine](https://forum.mustachianpost.com/u/Wolverine)\ **Post date:** [March 10, 2023, 8:23pm UTC](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081/84 "2023-03-10T20:23:47Z")
**Edit for the “still quite an upside” phrasing:** indeed, if you are willing to bear the risk. **For the previous “unlimited upside” phrasing:** Nah, unlimited downside but limited upside. A stock can not go lower than 0. You can increase your upside by using more leverage but that increases the downside too and is limited by the amount of leverage you can acquire. That’s one of the reasons why going long is so much easier than shorting. Shorting requires timing along with more risk management while going long “only” requires not needing the money for the duration of the investment (which, granted, also requires risk management and luck). [Previous page](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081.md?page=3) [Next page](https://forum.mustachianpost.com/t/what-would-happen-if-credit-suisse-goes-bust/9081.md?page=5)