UBS may have just imploded:

“UBS Group AG is a multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centers as the largest Swiss banking institution and the largest private bank in the world.

Yesterday, UBS appears to have FAILED-TO-DELIVER on Bonds that were due.

According to rapidly-spreading reports, not only has UBS Failed-to-Deliver on Bonds, but The Depository Trust and Clearing Corporation (DTCC) reportedly took action to COVER-UP the UBS Failure-to-Deliver; DTCC allegedly *** D E L E T E D *** the CUSIP Numbers for those bonds, so as a matter of record, those bonds "no longer exist." Apparently, they're simply "gone."”