Or, as Matt Levine put it in his most recent newsletter (https://web.archive.org/web/20230314194552/https://www.bloom...): "Not now Credit Suisse!"
CS has been tethering on the brink of bankruptcy for a good while now -- interesting to see if this will finally push them over or not. The Swiss would not be amused for such a stalwart of the banking business to disappear, but...