2 ms·
By the state taking over you are giving the bank what it needs which is new trust. The top management will be replaced and the state will not only guarantee the
by sschueller 4y ago
By the state taking over you are giving the bank what it needs which is new trust. The top management will be replaced and the state will not only guarantee the assets but also give the bank the trust it needs.
The SNB tried to just give them money but as you said the name is so toxic at this point you need new management which is either UBS taking control or the state.