
What is happening to Credit Suisse and how does it affect our Clients
Last Thursday news about the need for a government rescue of Credit Suisse were made public. And over the weekend it was announced that UBS will take over Credit Suisse. As you know, it is important to us to communicate clearly and frequently, this is why we would like to shed some light on what‘s going on. The most important thing right away: WHVP has never used Credit Suisse as a custodian bank and has never recommended the bank. Thus, none of our clients have any relations with Credit Suisse and are not affected by what is going on. Now let‘s dive into the issue a bit more deeply and shed some light on what has been happening.