Credit Suisse bought by UBS at 1/4th of it’s value. Board rejected initial offer @ $1B so the Swiss government changed laws and bypassed shareholders wishes to allow the acquisition at a valuation of $2B.
EU not happy about the development. It “might” affect investor confidence.
Any one who still thinks of stocks as an asset needs to realise they can take your “assets” at will. Why take that risk??
All banks have qualities about them that will eventually hurt customer confidence.
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Yup, like not having the assets they say they hold when customers come to withdraw
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