Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 28.03.2020, 13:06
Horatio Gonzales's Avatar
Forum Veteran
Join Date: Feb 2014
Location: Luzern
Posts: 538
Groaned at 4 Times in 4 Posts
Thanked 167 Times in 104 Posts
Horatio Gonzales is considered knowledgeableHoratio Gonzales is considered knowledgeableHoratio Gonzales is considered knowledgeable
Are your bank deposits exposed to potential bank bail in?

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?


Last edited by Horatio Gonzales; 28.03.2020 at 13:07. Reason: Link
Reply With Quote
This user would like to thank Horatio Gonzales for this useful post:

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Swiss Banking laws amended to allow confiscations of bank deposits Bichon Finance/banking/taxation 62 24.07.2014 20:28
Swiss National Bank agrees to currency swap with People's Bank of China 3Wishes Finance/banking/taxation 3 21.07.2014 21:07
News for UK and Austrian tax payers with Swiss bank accounts or securities deposits international Finance/banking/taxation 14 01.07.2013 10:34
UK bank deposits Luisete General off-topic 14 06.10.2012 14:39

All times are GMT +2. The time now is 18:33.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0