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  • Banking giant UBS is acquiring smaller rival Credit Suisse

    From apnews.com

    Banking giant UBS is buying its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night. Swiss president Alain Berset, who did not specify a value of the deal, called the announcement “one of great breadth for the stability of international finance. An uncontrolled collapse of Credit Suisse would lead to incalculable consequences for the country and the international financial system.” Credit Suisse is designated by the Financial Stability Board, an international body that monitors the global financial system, as ... (full story)

They are gona change the law in the country of Switzerland, so shareholders have no vote.
Not only that, but UBS is offering only 1/8th of current company value.

The shareholders will pay for state activism, blessed by the FED and other central banks, even due they could easily pay the shareholders a fair value for their stocks.

This is how much laws are respected, changed over the weekend to benefit an agenda.

As i see it the only fair thing would to give shareholders stocks in UBS or bonds with good interest payment.
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    From bnnbloomberg.ca|Mar 19, 2023

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  • Posted: Mar 19, 2023 4:30pm
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     Newsstand
    Category: Fundamental Analysis
    Comments: 1  /  Views: 626

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