"The Union Bank of Switzerland conflict, a battle over tax haven accounts with the USGovt, exposes but the first flank to the Swiss bank woe. The Credit Suisse (CS) problem is the tip of the iceberg. Much additional fraud has taken place at CS. Once the fraud begins to come to light, the entire financial firm of Credit Suisse risks total fracture in failure, and possibly its sudden demise. The fraud extends to gold bullion accounts, a second flank of woe. Confirmed evidence has come that vast amounts of client bullion accounts are 'missing' from precious metal depots at two main CS depositories. The physical metal is gone. A newly set up Singapore based Global Wealth Management by CS is under tremendous pressure as wealthy investors are losing confidence in the Credit Suisse firm very fast. See the Business Week article for superficial information (CLICK HERE)."

This is from Jim Willie' s monthly report.