Marc Chesney (University of Zurich): “Swiss Political System Agrees to Be Hostage to a Large Bank”

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“On March 19, 2023 the lights went out and the party came to an end for Credit Suisse. With sobriety suddenly recovered, the executives momentarily abandoned the green tapestry of casino finance with the serious expression, full pockets and light heart.” Thus begins the Frankish Marc Chesney (Paris, 66), emeritus professor of Financial Mathematics at the University of Zurich, the chapter on the fall of the bank in his book Stop: Alarm against th…