瑞士信贷被收购还没完,美欧金融业火烧连环船
Switzerland abandoning permanent neutrality, so Credit Suisse in trouble.
21-03-2023, 03:11 PM
Switzerland applied to join NATO abandonning neutrality. Fund run away from the bank.
瑞士信贷被收购还没完,美欧金融业火烧连环船
瑞士信贷被收购还没完,美欧金融业火烧连环船
21-03-2023, 05:20 PM
Swiss neutrality is fake, during the war it secretly helped Nazi Germany and let Hitler store all the gold in the Alps in Switzerland
[Image: https://i.gifer.com/7ZqO.gif]
21-03-2023, 05:32 PM
USD is king
21-03-2023, 06:09 PM
When in the 50 th or 60 th year's time those tycoons or illegal money launchers kept their money in Swiss banks and the authorities cannot request those money returned back...
21-03-2023, 06:25 PM
(21-03-2023, 06:09 PM)ysh02 Wrote: When in the 50 th or 60 th year's time those tycoons or illegal money launchers kept their money in Swiss banks and the authorities cannot request those money returned back...
That how the Ang mo making $$$$ .. and why they got Swiss Standards of living .. now karma tio boh .,,
![Clapping Clapping](https://sgtalk.net/images/smilies/Animated/clapping_s.gif)
21-03-2023, 06:47 PM
21-03-2023, 06:51 PM
They run out of idea
now again using US corporation Dola swap
of cos this time it won't work.
now again using US corporation Dola swap
of cos this time it won't work.
21-03-2023, 06:51 PM
21-03-2023, 06:53 PM
we should not belittle Switzerland
we also like her.
OYK now sighted energised again.
we also like her.
OYK now sighted energised again.
21-03-2023, 06:53 PM
21-03-2023, 07:31 PM
Biggest Swiss Bank UBS Agrees To Buy Crisis-Hit Credit Suisse In Historic Deal
The move was welcomed in Washington, Brussels and London as one that would support financial stability.
https://www.ndtv.com/world-news/biggest-...al-3875416
The move was welcomed in Washington, Brussels and London as one that would support financial stability.
https://www.ndtv.com/world-news/biggest-...al-3875416
21-03-2023, 08:00 PM
World Emperor Klaus Schwab fortress there...🫅
21-03-2023, 08:03 PM
21-03-2023, 08:37 PM
(21-03-2023, 07:31 PM)Tee tiong huat Wrote: Biggest Swiss Bank UBS Agrees To Buy Crisis-Hit Credit Suisse In Historic Deal
The move was welcomed in Washington, Brussels and London as one that would support financial stability.
https://www.ndtv.com/world-news/biggest-...al-3875416
Bern, Switzerland: UBS will take over its troubled Swiss rival Credit Suisse for $3.25 billion11 at stopping the stricken bank from triggering a wider international banking crisis. The govt said biggest bank taking over the second-largest, was vital to prevent irreparable economic turmoil spreading throughout the country and beyond.
In Bern with clock ticking ahead of markets opening on Monday In Asia and then in Euro the takeover details were announced. Swiss President Alain Berset was flanked by UBS chairman Colm Kelleher and his Credit Suisse counterpart Axel Lehmann, with Swiss finance minister and heads of Swiss National Bank (SNB) central bank and financial regulator FINMA...
![Clapping Clapping](https://sgtalk.net/images/smilies/Animated/clapping_s.gif)
The wealthy Alpine nation is famed for its banking prominence and Berset said the takeover was the "best solution for restoring the confidence that has been lacking in the financial markets recently". If Credit Suisse went into freefall, it will had "incalculable consequences for international financial stability", he said.
Credit Suisse said in a statement. UBS take it over for merger consideration of three billion Swiss francs ($3.25 billion). Credit Suisse shareholders receiving one UBS share for 22.48 Credit Suisse shares, the announced merger represents the best available outcome," Lehmann said.
Finance Minister Karin Keller-Sutter said that bankruptcy for Credit Suisse could have caused "irreparable economic turmoil" and huge collateral damage for Swiss financial market and risk contagion for other banks, including UBS.
European Central Bank chief Christine Lagarde say decisions taken in Bern "are restoring orderly market conditions and ensuring financial stability. The euro area banking sector is resilient, with strong capital and liquidity positions.
Fed chair Jerome Powell and Treasury Secretary Janet Yellen said in a statement:
US and British colleagues "really feared that there could be a bankruptcy of Credit Suisse, with all the losses. The SNB announced that 100 billion Swiss francs of liquidity would be available.
Keller-Sutter insisted the deal was "a commercial solution and not a bailout."
UBS chairman Kelleher added:We absolutely essential financial structure for Switzerland. Too big to fail? Like UBS, Switzerlanf 2nd big bank Credit Suisse was one of 30 banks around world deemed to be Global Systemically Banks - importance to international banking system.
Amid fears of contagion after the collapse of two US banks, Credit Suisse's share price had plunged by more than 30% Wednesday to a new record low of 1.55 Swiss francs. That saw the SNB step in overnight with a $54-billion lifeline.
After recovering some ground Thursday, its shares closed down 8-% on Friday at 1.86 Swiss francs as the Zurich-based lender struggled to retain investor confidence. In 2022, the bank suffered a net loss of $7.9 billion. UBS statement said Credit Suisse shareholders would get 0.76 Swiss francs per share.
After suffering heavy falls on stock market Credit Suisse's share price closed Friday at 1.86 Swiss francs, with the bank worth just over $8.7 bil. Credit Suisse's share price has tumbled from 12.78 Swiss francs Feb-2021 due to string of scandals that unable to shake off. Swiss Bank Employees Association said 17,000 Credit Suisse staff In addition, tens of thousands of jobs outside of the banking industry were potentially at risk.
23-03-2023, 04:54 PM
23-03-2023, 04:59 PM
but why would dropping neutrality cause her bank problem ? AT anyhow one, never explain
23-03-2023, 05:00 PM
23-03-2023, 05:11 PM
(23-03-2023, 04:59 PM)limpeh394 Wrote: but why would dropping neutrality cause her bank problem ? AT anyhow one, never explain
The invisible asset is the thing the Swiss is losing.
![Rotfl Rotfl](https://sgtalk.net/images/smilies/Animated/rotl_s.gif)
This is most destructive impact to the Swiss banks.
Money cannot buy is the thing that is most priceless.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
27-03-2023, 10:41 PM
【崔哥天天侃3/26】瑞士放弃中立选边,看到万亿美元流失开始后悔
.
.
27-03-2023, 10:53 PM
Moral of the story
Never plp at the wrong timing.![Rotfl Rotfl](https://sgtalk.net/images/smilies/Animated/rotl_s.gif)
DBS laughed until Cow comes home during that period when massive fund left CS.
Never plp at the wrong timing.
![Rotfl Rotfl](https://sgtalk.net/images/smilies/Animated/rotl_s.gif)
DBS laughed until Cow comes home during that period when massive fund left CS.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
27-03-2023, 10:54 PM
(21-03-2023, 07:31 PM)Tee tiong huat Wrote: Biggest Swiss Bank UBS Agrees To Buy Crisis-Hit Credit Suisse In Historic Deal
The move was welcomed in Washington, Brussels and London as one that would support financial stability.
https://www.ndtv.com/world-news/biggest-...al-3875416
So no Empire change.
![Big Grin Big Grin](https://sgtalk.net/images/smilies/biggrin.png)
27-03-2023, 10:59 PM
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
27-03-2023, 11:00 PM
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
« Next Oldest | Next Newest »
Users browsing this thread: 1 Guest(s)