UBS to takeover Credit Suisse as the 8 Trillion dollar Swiss Banking industry consolidates

well if you were fortunate enough to have 100 million and wanted to protect it in one of the better banks out there i think UBS would be it..

the Swiss are legendary for their banking and this Credit Suisse is a terrible blemish on Swiss banking industry the SNB and UBS will be more then happy to make this go away and not let it happen again,im sure they just wanna sweep this under the rug and move forward..

FR WTF

hahahahahahahahaha

The ones not raided in the next Who/IMF/BIS lockdown you mean?

hahahahahahahahahaha

All banks are in trouble. There is only $2 trillion of US currency in circulation in the entire world. Supposedly there is $22 trillion in US deposits. Do the math people. Less than 10% will be able to get cash out of the bank.

Bail them out with what?

Nazi gold?

“Smashing two dump trucks together doesn’t create a Ferrari” -NYP comment

I thought that something like 13 trillion is in those accounts?

is it all just Roffschill money and the gang?

my quick take:

Credit Suisse is being absorbed by UBS because UBS is backed by the swiss govt.

in the U.S. we will see the same. Smaller institutions swallowed by larger ones that are designated as 'too big to fail' by the FED. These banks will forever float along until the crash and reopen as the branches for the reset and manage digital currency.

You're exactly right. This is insane.

Got Bitcoin? Gold?

What are derivates?

watch the planes... people will be moving.

Then you'll know to get a year water and food into your home.

Holy Financial Carsh Batman!

while some world bankers stupid mad max scenario plays out in real time.

fucking tards watching the controlled gold and silver price.

London Libor anyone?

That explains an interesting issue. The Fed gambling with 2 trillion electronically each day.

Basically it means something similar to what they do with gold and silver and paper gold and silver.

Except that physical usd and coin has far less value than precious metals.

I wonder who set that limit.

There are lots of financial scam secrets coming out here

It has to be based on Rothschild's restriction.

Would be very interesting to know how much other central banks are allowed to gamble/derivate daily

its not a done deal

UBS asks for 6b government guarantees now

Switzerland is burning down as we speak