Swiss parliamentarians have criticized the rapid rescue effort, which saw Credit Suisse taken over by UBS for 3 billion Swiss francs and propped up with over 250 billion francs in guarantees. The Swiss parliament will meet in Bern for an extraordinary session to discuss Credit Suisse’s downfall
Jahangir Aziz writes: It appears to be the start of the process by which interest rate hikes first slow credit, then the economy and eventually, inflation