UBS Group agrees to $3.25B “emergency rescue” of Credit Suissefor $3.25 billion on March 19 as part of an “emergency ordinance” to prevent financial market instability. To close the deal, Swiss authorities agreed to change the country’s regulations to bypass a shareholder vote and announce the deal over the weekend ahead of the market opening.
Was this move actually legal? After this move, will Switzerland still have a reputation for being the securest financial market? Pechman has much to say on this matter and addresses the issue with Credit Suisse debt holders, so watch the whole video because you won’t want to miss his insights.The price of Bitcoin surpassed $28,000 on March 21, but according to two derivatives metrics, traders aren’t very ecstatic after a 36% gain in eight days.
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I guess more people starting realizing that crypto is better
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