3 ms·

Shouldn't this be up to UBS?

• k8sToGo 4y ago
  No because CS already got $50B help before the acquisition
• bertil 4y ago
  I’m assuming that UBS has less agency to do it: if they do, they might run aground with the employment contracts. A government might have the authority to override those.
• fsckboy 4y ago
  maybe/probably UBS said to the govt, "we'll take this bank over if you cancel all these payouts as part of the deal" frequently in acquisitions/mergers/spinoffs, all the bad news is delivered before the deal so the new management can start fresh, and blame anything before on their predecessors.
• deleted 4y ago
  [deleted]