Re:UBS Got Credit Suisse for Almost Nothing
by JumpCrisscross on Monday March 20, 2023 @03:58PM
(#35237691)
> spent a lot of capital and time to put up the to big to fail laws which this bank met yet it still failed
At a marginal CHF 9 billion contingent senior taxpayer expense. Not great. But being able to tank $17bn of AT1s was $17bn UBS won’t have to raise and Bern won’t have to finance.
At a marginal CHF 9 billion contingent senior taxpayer expense. Not great. But being able to tank $17bn of AT1s was $17bn UBS won’t have to raise and Bern won’t have to finance.