Swiss finance minister sees no 'stumbling blocks' to UBS takeover of Credit Suisse

should proceed smoothly without political obstructions, Swiss Finance Minister Karin Keller-Sutter said in an interview published on Saturday.engineered by the Swiss authorities after Credit Suisse came close to collapse.offered to back the takeover and avoid a financial meltdown the bank's uncontrolled failure could have triggered.

"The guarantee agreement with UBS is still being negotiated. In many committee meetings, I got the impression that politicians definitely don't want to jeopardise the takeover," she added.Completing the merger was the highest priority, the minister said, who defended the government's intervention last month, which critics have said came too late and promised too much taxpayer support for a bank that paid out billions in bonuses to executives.

"Under the circumstances, it was and is the best possible choice, which also places the least burden on the state and the taxpayer," Keller-Sutter said. "UBS will have to hold more equity after the takeover. This will rather force them to shrink," Keller-Sutter said.The risks to the taxpayer were also acceptable - even though the government could assume up to 9 billion francs in losses incurred by UBS by the takeover.

So strange Swiss seem now completely out of their minds

Except it's going down next time

Except for the act itself.

She ruined the credit of her country!

Also please note people's the deal has not been signed yet! So beware of what might happen!

Switzerland will be on sale too

How can the US justice system allow someone like George Higginbotham, who was involved in CCP's scheme, to walk free? Meanwhile, Miles Guo is imprisoned for speaking out against CCP corruption.

YOUR POST SUMMARIZED & IMAGIZED Swiss Finance Minister Karin Keller-Sutter has said that UBS's state-sponsored takeover of Credit Suisse should proceed smoothly without political obstructions, with nearly 260 billion Swiss francs ($287 billion) of liquidity support and state

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

UBS CEO tells Credit Suisse staff to stay focused on clients and the businessUBS Chief Executive Sergio Ermotti has told Credit Suisse staff it is 'critical' to remain focused on clients and keeping the business running as the merger of the two banks proceeds, according to an internal memo seen by Reuters. When did Steve Martin start work there? Maybe can be re-educated
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »

See the top Credit Suisse investment bankers being eyed by rivalsRecruiters are being flooded by resumes from Credit Suisse. Here are 19 investment bankers standing out from the crowd.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Swiss State-Owned Banking Giant Postfinance to Offer Crypto Services – Finance Bitcoin NewsPostfinance, one of Switzerland’s largest retail banks, will offer customers access to major cryptocurrencies and related services. airdrop crypto cryptocurrency blockchain btc📷 bitcoin📷 NFT AirdropCrypto altcoin NFTCommunity spaceidAirdrop OptimismAirdrop Optimism NFTCommunity NFTdrop NFTs NFTGiveaways NFTLaunch nft nftnews crypto nfts blockchain ethereum NFTDay ETH ETHW Binancee launched what itt wanted Crypto willl changee 20233
출처: BTCTN - 🏆 531. / 51 더 많은 것을 읽으십시오 »