Post #1249215: Bail-in: Swiss government will cover up to $1…
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Bail-in: Swiss government will cover up to $10 billion of UBS's losses on acquisition of Credit Suisse. Credit Suisse was valued almost $100 billion some time back. Now its sold for $3 billion....

Bail-in: Swiss government will cover up to $10 billion of UBS's losses on acquisition of Credit Suisse. Credit Suisse was valued almost $100 billion some time back. Now its sold for $3 billion....

Mar 19, 2023 05:28 PM |
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ricwe123
ricwe123 @ricwe123
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The US government has done all the wrong things: Print unlimited money Bail out banks Attack vs embrace bitcoin Weaponize the dollar abroad Prolong proxy wars Sow internal division within And that the bill is soon due.... UBS has agreed to buy Credit Suisse for more than $2 billion, according to the Financial Times. Credit Suisse was a $7 billion company on Friday..... UBS and the Swiss National Bank this morning.... Credit Suisse has a book value of equity of 45 billion (number of shares times book value) at a share price of 20%. UBS wanted another 80% discount… and got it. 2 billion is a 96% discount. So Credit Suisse is actually worthless. That is ins The Weakest European Banks: 1 Dead 2 Deutsche Bank 3 UBS Will Deutsche Bank be next. After all it has never fully recovered from the debacle of 2008.....

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