In the 2008 Lehman crisis, the reason why AIG, an American insurance company, collapsed was that it had issued too many CDSs, and the US Department of the Treasury and the Fed had to bail it out. Consequently, on the financial market, people may turn pale at the mention of the CDS. Will issuing too many CDSs lead to new crisis?
Banks argues that they take adequate steps to ensure safety of card transactions, and the least they expect from the customer is to report the card loss immediately. This is understandable and logical.