/biz/ - Business & Finance

I thought it was 1bn

>>54206485
The upped it to 2b, Dr Evil

>>54206502
why, UBS doesn't even want this gay company

>>54206467
UBS shareholders should be very much against buying this piece of shit.

this could easily bring down UBS as well.

chuds.. we lost.

>>54206516
Shareholder vote in 5, 4, 3, 2, 1

Only 2 billion? How is this shitbank a big deal to anyone?

>>54206515
the govt forced it on them (((UBS))) was already saved in 2008 by the govt so they run the show now
easier to just merge the 2 banks than to bail out CS

I hate these self-important fucks so much it's unreal

>>54206467
There is no law in western countries anymore

>>54206467
As a shareholder I vote against this acquisition

>>54206549
is this the part where you reveal those codenames are jewish

Bitcoin started pumping about an hour before the news dropped. Someone knew.

>>54206467
>UBS agrees to buy Credit Suisse
>bypass UBS shareholder vote
how are these two statements consistent?

>>54206572
No ulmus is just another way to say elm, it's just why the fuck do they need secret code names? These retards who run our lives are playing pretend James Bond and have the unbelievable gall to tell the press about it like it's important

>>54206623
The "people" in charge of running the government have main character syndrome

I love it bros. I even had a whole course about le 2008 financial crisis, too big to fail, how CS and UBS have plans in place so they can fail gracefully etc. so there won't be another bailout like for UBS.
I think it wasn't even too long ago that CS finally presented their plan on how to handle a possible bankruptcy to the finma (swiss financial market supervisor).

either way bros.. ;)
Now let's forcefully merge these banks and let's disregards the laws that are in place and the plans we worked on for years.

People in charge of banks need to be held accountable. Jail time and massive fines need to be standard. It's the only way to avoid these gambling kikes from crashing everything.

>>54206467
>change country’s law
wtf, we really are serfs.

>>54206648
Much like the one you replied to.

What the fuck are you doing over there, Euros?

from 3 days ago

https://www.youtube.com/watch?v=fKHOBv4Ovr4&

>>54206620
The Swiss goverment is basically forcing UBS to buy credit suisse to prevent it's collapse, but the UBS are obviously against the move, since they don't want to be chained to a dead corpse, so the Swiss are changing the law to make the merger without their consent

>>54207178
It's over, this is insiders way to pass the problem literally two more weeks so they can quit their jobs before guillotines go out.

UBS is next I can't believe they not nationalized the bank, forcing ubs bypassing shareholders is way worse outcome ffs.

>>54207143
>Euros
The swiss aren't part of the EU

>>54206467
>https://www.ft.com/content/ec4be743-052a-4381-a923-c2fbd7ea9cfd


It's an offer. The deal hasn't closed yet. Stay tuned.

>>54207218
Switzerland is in Europe.

>>54207143
Not our problem, mountain jews arent in EU

>>54207245
So is the UK and Russia but no one considers those negros europeans

>>54207245
Eu and Europe is 2 different concept nigger

>>54207281
At least it's contiguous, not some bullshit islands like the UK.

>>54207294
I'm stealing that frog btw, thanks anon

>>54206467
Will CS pump from this?

>>54207307
They won't be listed anymore. I think the share price would be around 0.50 CHF

The Bundesrat will go public in 20 minutes

>>54207304
You mean appropriating it without asking like Switzerland? You're welcome.

>>54207342
Link to livestream, that is not geolocked? Doesn't matter the language.

>>54207377
https://www.youtube.com/watch?v=gmT0-w_0Ex4

>>54207307
Are you fucking stupid?

>>54207007
Seethe harder

>>54206502
>2 billion when current market cap is 6 billion

why would shareholders agree to have their equity in CS to go down by 70&?

>>54207408
yes

>>54207417
>holding credit sus
jej

>>54207417
It's really worth nothing and mid collapse

>>54207417
Because they are close to a default

>>54207433
>>54207461
>>54207466
yeah I bought CS calls because the Swiss government would bail them out, not fuck the shareholders, this is fucked up

>>54207478
>he bought calls on a collapsing bank
Now class, what lesson did we learn?

>>54207478
Biden fucked the SVD sharebolders too, this was a bad call on your part.

>>54207478
I hope you’re larping and not this retarded

>>54207524
>Now class, what lesson did we learn?

We learned that the solution found for a collapsing bank can be highly unpredictable and that we can't count on the law not being bent to achieve it.

>>54206467
>agrees
Forced. The govt literally overruled the shareholder vote.

>>54207524
>>54207642
it was just a gamble, and historically banks have a very good chance of getting bailed out. Don't act like you knew this would be the result the whole time

>>54207674
why didn't they nationalize the bank, it's not like printing money bother them

>>54207691
Because then mouthbreathing normies might realize the bank failed

>>54207684
Of course I didn't know what the result would be, but as we saw in the case of SVB and Signature, the banks were not completely "bailed out," just depositors. Given that very recent precedent it was pretty unreasonable to think buying calls on another failing bank was a good idea.

>>54206620
The Swiss government bailed out UBS in the past so have a lot of control, and they consider both UBS and CS systemically important. The gov would rather UBS suffer short term (At least they hope it's only short term) so that the banking sector doesn't get worse long term, so they're bypassing shareholders and trying to force UBS to buy CS.

>>54206515
Swiss gov threatened to nationalize both of them if a deal wasn't made

>>54207942
At this rate they'll have to do it anyways

>>54207399
y/n?

It's over

>>54207684
Bailing out in 2008 meant that government or other banks but their assets for Pennies on the dollar. You are retarded

>>54207417
they didnt kek