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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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UBS to takeover Credit Suisse as the 8 Trillion dollar Swiss Banking industry consolidates
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Poster Handle
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Anonymous Coward |
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Post Content
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Nobody saw this coming
Quoting: Massimo 78800165 Wasn’t the Swiss government going to bail them out? 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.
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