alt Hacker NewsSwitzerland would likely be one of the first to collapse financial institutions due to a US fallout.
It’s amazing how poorly you understand their financial situation. They are possible the most privately leveraged entity on the planet by ratio
Their banking systems against their gdp is at 600%.
You couldn’t pick a worse place
Wouldn’t banking just relocate? I assume the Swiss were working mostly in Pounds Sterling 100 years ago. Presumably they’ll be mostly in Euros and Chinese Yuan in 50. US is chunky but highly replaceable. It’s not like our banking sector is particularly sophisticated.