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If this did have to happen, I would assume it would be a US bank (e.g. JP Morgan Chase) that would buy out BofA rather than a Swiss bank. The reason UBS ended
by samspenc 3y ago
If this did have to happen, I would assume it would be a US bank (e.g. JP Morgan Chase) that would buy out BofA rather than a Swiss bank.
The reason UBS ended up buying Credit Suisse is because the Swiss government got involved and it was much easier to _convince_ a bank to buy another in the same country, especially when it is backed and supported by the government.
- sschueller 3y agoUBS may as well be a US bank. Their primary currency is USD and it was partially also international pressure to prevent an economic collapse. The Swiss government could have taken the Swiss part of CS and let the rest dump.