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What If: Should the Federal Government Also Bail Out UBS?
The last major bank bailout by the Swiss government was just over two years ago – but what if, at some point in the future, UBS were to face a crisis? The results of a survey with over 300 participating entrepreneurs show a nuanced picture. Almost half would not want to bail out UBS; however, if public funds were to be used to stabilize the bank, it should only happen under strict conditions. What should the Swiss Federal Council do if, in a few…
Today, the politicians are arguing with the UBS top about the equity ratio, which was supposed to guarantee a certain degree of security in difficult times of the last major bank in Switzerland. Under the leadership of Finance Minister Karin Keller-Sutter, the Federal Council also demands more than 20 billion equity, the UBS top, Group CEO Sergio Ermotti and VR President Colm Kelleher, complaining and "lobbying penetrant" against it (Infosperber…
In a process around the Greensill scandal at Credit Suisse (CS) in London, confidential documents from the Financial Market Supervisory Authority Finma play an important role. Politicians in Switzerland demand the disclosure of such documents, as the Sunday newspaper writes.
Secret documents reveal how Lex Greensill tricked the CS bosses and made false promises.
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Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
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