Comment on Credit Suisse confirms 50% bonus cut, Zero for Exec, amid terrible resultsparentComments−GalenErso3yNor is Credit Suisse going down going to affect normal people or the greater economy.Really? They have 50,000 employees and two million clients.−adventured3yThe global economy will barely blink at that, so long as what's taking Credit Suisse down isn't a more widespread issue (and it doesn't appear to be).Most of those clients will simply move to another bank as needed, there are better alternatives.−pixl973yThe real question is, is how widespread is the problem. 2008 taught us there is no bottom to worse.
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Really? They have 50,000 employees and two million clients.
The global economy will barely blink at that, so long as what's taking Credit Suisse down isn't a more widespread issue (and it doesn't appear to be).
Most of those clients will simply move to another bank as needed, there are better alternatives.
The real question is, is how widespread is the problem. 2008 taught us there is no bottom to worse.