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Credit Suisse: That means the UBS-Credit-Suisse deal

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Credit Suisse: That means the UBS-Credit-Suisse deal

Unfortunately, no. Three factors decide whether a new global financial crisis will not occur or break out.

First: The stock exchanges have to calm down. As a reminder: the Credit Suisse crisis was triggered by its sharply falling share price – with the result that the shares of other banks have also plummeted. If the panic on the stock exchanges in the face of the rescue should now subside, these papers could recover. And the money houses are spared a fate like that of Credit Suisse.

Also read: A touch of Lehman – the danger is not over

Secondly, customers must remain calm. As long as they don’t withdraw funds from other banks at lightning speed and on a large scale, they are not threatened with a potentially deadly bank run. Such a rapid withdrawal of customer funds had occurred in the course of their share price crash.

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