Why Swiss banks don’t go broke | FP Comment | Financial Post   Leave a comment

“Some banks have been around for a couple of centuries or more, particularly in Switzerland, and yet they continue to thrive without government help. Only one Swiss bank out of 350 required state intervention in the financial crisis of the past few years. If you look at the big banks that have been in trouble or the banks that regulators and others worry about being in financial trouble, you will notice that virtually all have a corporate form of ownership and are heavily regulated. Yet banks that are organized as general partnerships, such as Swiss private banks, where the owners of the banks have unlimited liability, have, in almost all cases, avoided failure or having to go to the government for a bailout.”

via Why Swiss banks don’t go broke | FP Comment | Financial Post.

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Posted July 6, 2011 by arnoneumann in banking

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