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Old 28.03.2020, 13:06
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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?

https://www.finma.ch/en/~/media/finm...2020.pdf?la=en

Last edited by Horatio Gonzales; 28.03.2020 at 13:07. Reason: Link
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