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One could claim the contagion was the erosion of trust in smaller banks.

Credit Suisse was not a smaller bank until they fucked up pretty hard to become one and then failed completely.

Credit Suisse was not that related to the others. It was an investment bank first and foremost.

Exactly.. It's less a cascading failure, more a common-mode failure.

But how can you say events are unrelated when they happened close to each other /s