- Credit Suisse merch is popping up in online marketplaces following the 167-year-old lender's merger with UBS.
- Vintage knitted ski hats are particularly popular on Swiss marketplaces — bids came in at nearly $200 each.
Credit Suisse merch is cool again now that the bank has averted a crisis by being $4
A retro Credit Suisse red, blue, and white ski cap featuring the letters 'CS' and 'SKA' for the bank's predecessor Schweizerische Kreditanstalt is attracting fierce bidding online — bids are now up to 180 Swiss francs, or $193.60,$4 on Switzerland-based market places $4 and $4.
One listing of the $4 started at 80 francs on March 19. It was outbid nine times, and prices went up to 180 francs by about 1 p.m. Eastern time on March 20. The cap is in "good condition," according to the listing.
It isn't clear why the Credit Suisse caps have become so popular all of a sudden, but they were apparently the "height of fashion in the 1970s," per $4
A similar vintage Credit Suisse wool ski cap has also been $4 but it hasn't been bid on yet.
The news was first reported by local media.
—watson actu (@WatsonActu) $4
Bidding on other Credit Suisse merch — such as this $4 and a $4 — also attracted four and five bids, respectively.
And while Credit Suisse merch may be attracting buyers, the same cannot be said for the shares of the 167-year-old lender.
Credit Suisse's share price slumped 56% to 0.82 Swiss francs apiece on Monday — its first day of trade after the merger announcement. They are down 70% this year and have cratered about 99% from their all-time high in May 2007.
Credit Suisse which has been $4 — was already $4 even before its Swiss government-brokered merger with UBS.
The deal was struck after $4 dropped last week amid jitters in the banking sector over the collapse of $4 $4 and $4 earlier this month. This put pressure on $4 were accelerating over the past few months.
UBS' acquisition of Credit Suisse is expected to $4 It is unclear if UBS will be keeping the CS brand after its takeover.
Company merch getting popular after the firm's shuttering is not a new thing.
$4 has also become popular after the bank's collapse on March 10. $4 set embossed with the bank's logo sold for nearly $200 on eBay on March 15, while a $4 sold for $100 on March 18. A $4 sold for $52 on March 20 after 30 bids.
Merch of other high-profile companies that have collapsed — such as $4 — are also listed on eBay. One used $4 sold for nearly $130 on March 11.