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Old 28.03.2020, 14:03
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Re: Are your bank deposits exposed to potential bank bail in?

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During the last crisis the banks that were deemed too big to fail were bailed out by their governments.
Since then laws have been revised/added across Europe and including Switzerland. As far as I can tell that allows banks that are too big to fail to be "bailed in" by account holders. As I understand it people with holdings in excess of 250,000 or Fr.250,000 (Subject to correction/clarification) may have their deposits commandeered in order to bail in the Banks.

Are you holding in excess of 250,000 in any of your accounts?

https://www.finma.ch/en/~/media/finm...2020.pdf?la=en
And back in the real world - there is no such thing as a "bail in", it is just a polite way of saying your money is gone and you are very unlikely to get any of it back.

It does not really matter if they pay you a cent in the Franc or give you some kind of "bail in" share certificate, the result is the same you don't have any money.

If you have more that the minimum guaranteed about on deposit with a bank then it is probably a good idea to make some adjustments - probably a money market product if you need to have quick access to the cash.
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