Yes I agree it's unorthodox. Something big must have happened. Possibly CS became undercapitalised or was about to, in a way which would have taken out sharehol

Yes I agree it's unorthodox. Something big must have happened. Possibly CS became undercapitalised or was about to, in a way which would have taken out shareholders and forced bondholders to take a haircut, which is why the central bank have to indemnify UBS against future losses? but I don't know. The details will come out.