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
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