Re:Switzerland Weighs Full or Partial Credit Suisse National...
by arbuge on Sunday March 19, 2023 @11:48AM
(#35220162)
They would likely be wiped out in this scenario.
Note that long term shareholders have already been pretty much wiped out. CS was worth almost $300B before the GFC, and down 70x to around $8B Friday. Apparently UBS was uncomfortable offering more than $1B for it today, so already down a further 8x since then.
Note that long term shareholders have already been pretty much wiped out. CS was worth almost $300B before the GFC, and down 70x to around $8B Friday. Apparently UBS was uncomfortable offering more than $1B for it today, so already down a further 8x since then.