MarketSpar- und Leihkasse Thun
Company Profile

Spar- und Leihkasse Thun

The Spar- und Leihkasse Thun (SLT) was a Swiss regional savings and loan bank located in Thun, Switzerland. It collapsed in the autumn of 1991 and was the first notable bank run in that country. The failure of SLT eclipsed all previous troubles of Swiss banks. Though some Swiss banks experienced troubles in the 1970s, the Swiss deposit insurance only had to pay out a total of 700,000 Swiss francs in two bank failures before the collapse of the Spar- und Leihkasse Thun.

History
During the late 1980s, the Swiss economy overheated and real estate prices skyrocketed. The SLT, whose portfolio contained an oversized amount of mortgages, was not prepared for a burst of the real-estate bubble. == Literature ==
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