Credit Suisse execs suggest "bail-in" resolution process

02/2/2010 | Economist (free content), The

Paul Calello, head of Credit Suisse's investment bank, and Wilson Ervin, former chief risk officer at the bank, propose in this guest article another option for saving banks on the verge of collapse. A "bail-in" resolution process could be a powerful option, Calello and Ervin write. The bankers explain how the process would work, using the collapse of Lehman Bros. to provide an example.

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Economist (free content), The