Despite this weekend's bailout deal, in which Switzerland's largest bank UBS bought Credit Suisse for three billion dollars, yesterday's stock market trading began with red numbers.
Later on Monday, the European Central Bank (ECB) said that the way Switzerland handled the deal, in which UBS was historically quickly allowed to buy Credit Suisse and owners of high-risk bonds lost all their money, is not something it would do itself.
Several central banks tuned in, and the market turned upwards.
'People are shocked'
For the Swiss, the affair has been far more painful. So says SVT's economic commentator Alexander Norén.
"Even if you knew that Credit Suisse had been putting a spanner in the works for himself for years through various scandals, you didn't think this venerable Swiss bank would fail.
According to Alexander Norén, people are shocked.
"This stable, safe banking country. And so the second largest bank is on the fall rope and needs to be forcibly rescued. It fits poorly with the Swiss self-image.
Hear more from SVT's economic commentator in the clip.