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well, well, well, ... imagine my surprise (www.reuters.com)

submitted 1 year ago by [email protected] to c/[email protected]

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A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians.

The document means the investigating commission would hand over its files to the Swiss Federal Archives after a longer gap than the usual 30 years to ensure high levels of confidentiality apply to the investigation, which has generated huge public interest.

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[–] [email protected] 8 points 1 year ago

How would this not cause a bank run on UBS?

CS collapses. UBS forced to aquire more toxic assets. Investigation finds assets are so toxic, they are being hidden for 50 years.

How well do you really think UBS is doing?