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To be frank even that very low buying price together with the 6 billion CHF that UBS asked from the Swiss government as a warranty is not enough to cover for th
by sys42590 4y ago
To be frank even that very low buying price together with the 6 billion CHF that UBS asked from the Swiss government as a warranty is not enough to cover for the almost unlimited amount of money they may lose in Credit Suisse related US class action and other liability related lawsuits due recent and not so recent events.
- heywhatupboys 4y ago[flagged]
- halJordan 4y agoIt would surprise you to learn that credit suisse is a prime mover of, as well as part & parcel to this financial worldwide bullying scheme you detest?
- RandomLensman 4y agoYou will find that US banks paid huge sums of fines.
- heywhatupboys 4y agoyes, just like police brutality also happens to White people. Doesn't mean there isn't systemic mistreatment of other groups
- RandomLensman 4y agoDo you have evidence that foreign banks are fined more severely for the same behavior (in the infringement and after)?
- mardifoufs 4y agoAre you comparing the treatment of a huge international bank that has a reputation for being more... reckless about regulations to how afroamericans experience systemic racism? Lmfao what? Even if we agree with that ridiculous premise, can you show me any example or a statistic showing that the US targets european banks more than it does those in US? Is the EU international bullies too for fining american big tech? Poor google!
- chollida1 4y ago> yet again, the US proves a financial world wide bully, targeting "foreign" banks but letting domestic ones get an easy pass I'm pretty involved in this world and I can't imagine how you see this happening. What about a swiss bank buying another swiss bank involves the US here? Can you flesh out your point a bit more here because I'm not following this at all
- heywhatupboys 4y agoi was replying to this part "the almost unlimited amount of money they may lose in Credit Suisse related US class action and other liability related lawsuits due recent and not so recent events."
- kasey_junk 4y agoCredit Suisse was found guilty of money laundering last year by a Swiss court. France fined them over 200 million dollars last year in a completely separate incident. They’ve been on a multi-decade corruption and bad investment binge. There are probably good examples of the US banking system bullying foreign banks but this isn’t one. Don’t die on the “no actually Credit Suisse is the victim” hill.
- HWR_14 4y agoSo a Swiss company doing business in the US having to pay US fines for violations of US law is some weird imperialism? Wait until I tell Apple they can ignore the EU's rules on USB-C. They'll be ecstatic. And Starlibj can just beaming internet to Beijing and Moscow! Not an EU/Chinese/Russian company, so the laws don't apply!
- simple-thoughts 4y ago> What about a swiss bank buying another swiss bank involves the US here? Fed reserve swap line. Are you really involved? Kind of basics here. https://www.reuters.com/markets/europe/swiss-national-bank-makes-another-large-draw-fed-swap-line-2022-10-13/ https://www.reuters.com/markets/europe/swiss-national-bank-m...
- bsuvc 4y ago"how can I make this about how I hate the US?"
- mdasen 4y agoThat's likely why the offer is so low. The $1B doesn't go toward covering any potential losses. The $1B would go to Credit Suisse shareholders and then UBS would own the company and be on the hook for the liabilities. To put it another way, the deal's complete price is $1B in cash plus whatever the liabilities are.
- JanSt 4y agoConventional wosdom would say that liabilities were already priced in
- baskethead 4y agoWhy would UBS take on potentially unlimited amount of liability? That doesn't make sense at all.