The Swiss Bank Employees Association, in a statement to Reuters, demanded that UBS keep job cuts to it an "absolute minimum".
"The jobs of very many employees are at stake," it said, adding that it was in touch with management. The statement underscores the sense of unease in Switzerland, with its reputation as a global financial center on the line. "A zombie is gone but a monster is born," read the title of a commentary in the Neue Zuercher Zeitung.
This is what happens when you back headgear funds and try to short companies into bankruptcy and use derivatives to show capital… we are in MASSIVE TROUBLE. Derivatives markets are 2 QUADRILLION (2k trillion)… when banks take down humanity through greed.
What the hell kind of headline is this? The stock is plummeting and $UBS is offer .23/share. The is a takeover of a failing bank…not a merger. This narrative of everything is fine has to stop!
Cultural differences?
the central banks have printed so much money....the American and European economy will no longer be able to save the banks in the world with the money printed...all the banks are going bankrupt..the economy is going into hyperinflation..people don't trust banks anymore
The banking swamp is getting fatter. But it's not gonna fix the underlying problem. On the contrary, the corruption will increase even further.
Do they mean a new era of a more rapid decline in Swiss banking?
Swiss banking is already in the grave.
Switzerland is schwitzing
the central banks have printed so much money....the American and European economy will no longer be able to save the banks in the world with the money printed...all the banks are going bankrupt..the economy is going into hyperinflation..people don't trust banks anymore
Follow US step, damage credit, which is results.
Why are banks failing
حمزہ ککڑی ہائے ہائے