3.23.2023

Natural yet complicated

Credit Suisse Group AG (SWX: CSGN ) has recently become the poster boy for the phrase "Too big to fail (TBTF)."

Given that UBS Group AG (SWX: UBSG) demanded ₣12,500 for each resident of Switzerland from the Swiss government as a guarantee in the form of tax money to complete the purchase of SWX:CSGN, I sincerely hope that this bailout package is enough to save the bank.

Since Switzerland is the land of the banks, I fully understand that they absolutely cannot let a bank fail.


No comments:

Post a Comment

Trump's Greenland Play: National Security... or the Ultimate AI Power Grab?

I believe President Trump’s interest in Greenland is primarily due to the potential for massive future revenues from some of the world’s lar...