Hypothetical question: I read on another thread that the Swiss Govt or banking institution will guarantee money in Swiss accounts up to CHF30,000. Now with several doom and gloom forecasts about UBS, what would happen if say you had a mortgage with UBS for 100,000 and 50,000 in a current account and UBS went bust, could the 20,000 that UBS don’t cover in your current account just be deducted from your mortgage? ie you only pay back 80,000 ensuring that everyone is happy so to speak.
Does that make sense?