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Comment by heywhatupboys | Hacker News Reader

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> yet again, the US proves a financial world wide bully, targeting "foreign" banks but letting domestic ones get an easy pass

I'm pretty involved in this world and I can't imagine how you see this happening.

What about a swiss bank buying another swiss bank involves the US here? Can you flesh out your point a bit more here because I'm not following this at all

i was replying to this part "the almost unlimited amount of money they may lose in Credit Suisse related US class action and other liability related lawsuits due recent and not so recent events."

Credit Suisse was found guilty of money laundering last year by a Swiss court.

France fined them over 200 million dollars last year in a completely separate incident.

They’ve been on a multi-decade corruption and bad investment binge. There are probably good examples of the US banking system bullying foreign banks but this isn’t one.

Don’t die on the “no actually Credit Suisse is the victim” hill.

So a Swiss company doing business in the US having to pay US fines for violations of US law is some weird imperialism? Wait until I tell Apple they can ignore the EU's rules on USB-C. They'll be ecstatic. And Starlibj can just beaming internet to Beijing and Moscow! Not an EU/Chinese/Russian company, so the laws don't apply!

> What about a swiss bank buying another swiss bank involves the US here?

Fed reserve swap line. Are you really involved? Kind of basics here. https://www.reuters.com/markets/europe/swiss-national-bank-m...

Umm, I think you are confused.

The OP said the US was bullying a foreign bank.

How is the FED allowing a firing bank access to a swap lien an example of the US bullying a foreign bank?

Your example seems to only seems to back up my claim that they are not

“Friendly” banks and regimes are ones that are compliant with so called international standards primarily set by the USA. These swap lines are only extended to a very limited number of countries, all of whom are extremely compliant. I don’t agree really with the terminology of “bullying” but from a certain perspective it could be viewed this way, since these swap lines won’t be extended to non compliant jurisdictions - all of whom are required by a complex web of market dynamics plus regulatory pressure to use USD to trade on international markets. Of course another way to view this is each state body is free to choose on the international market who and how to exchange with, but that the marketplace puts powerful restrictions on what is permissible to access things such as swap lines for emergency funding.

"how can I make this about how I hate the US?"

It would surprise you to learn that credit suisse is a prime mover of, as well as part & parcel to this financial worldwide bullying scheme you detest?

You will find that US banks paid huge sums of fines.

yes, just like police brutality also happens to White people. Doesn't mean there isn't systemic mistreatment of other groups

Are you comparing the treatment of a huge international bank that has a reputation for being more... reckless about regulations to how afroamericans experience systemic racism? Lmfao what? Even if we agree with that ridiculous premise, can you show me any example or a statistic showing that the US targets european banks more than it does those in US?

Is the EU international bullies too for fining american big tech? Poor google!

Do you have evidence that foreign banks are fined more severely for the same behavior (in the infringement and after)?

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