3 ms·
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/spinoff
by 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.