Replying to Avatar Marty Bent

It's not a good sign when the CEO of UBS assures people that everything is fine, but he'd prefer the bank to be acquired by a private entity if it were to go under during the same week it is experiencing "unforeseen liquidity challenges".

https://tftc.io/the-warning-signs-of-a-banking-crisis/

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Bayman11771 2y ago

Credit Suisse cost the Swiss taxpayers roughly $10 billion. I guess the question is whether UBS is existential for the Swiss banking system? My money says yes.

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