EU banks are ok? Didn't Credite Suisse just go under and had to be forcedly saved by its main competitor?
Credit Suisse is Swiss. Switzerland is not a member of EU and they don't use euro.
I appreciate the correction but that probably doesn't change the point being made, as the economy of Switzerland is obviously closely tied to that of the EU (when I read EU I normally think Europe, not just European Union, which is my mistake, but in conversations like this I think "Europe" would be the better term after all).
Credite Suisse's problems predate the interest rate issues by years.
I have no idea about the substantive discussion, but just to point out: Switzerland is not in the EU.
Yeah, I almost added CS to the original post, but their problems were relatively unique to them, rather than being an extreme case of a common problem, like regional banks in the US (who didn't need to hedge interest rate risk).