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/biz/ - Business & Finance

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58352785 No.58352785 [Reply] [Original]

UBS on the brink of Switzerland's 'too big to fail' reckoning

>Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how authorities will protect Switzerland from the risk of the country's only remaining big bank also imploding.
> The Swiss government is this month due to publish its recommendations for policing banks that are "too big to fail", which could saddle UBS with tougher business rules.
> At around $1.7 trillion, UBS's balance sheet is double the size of annual Swiss economic output, giving the bank an exceptional weight for a major economy.
> Should UBS unravel, there are no local rivals left to absorb it. And the cost of nationalisation could shatter public finances, experts say.
> The Swiss lower house of parliament in May 2023 backed a motion calling for systemically relevant banks to have a leverage ratio of 15% of assets, far more than in the European Union, the United States and Britain.
> The higher ratio would likely leave UBS needing to find well over $100 billion in additional equity, said Andreas Ita from consultancy Orbit36.
> "This can't be done within a reasonable period by withholding profits, and raising such sums via capital markets is hardly realistic," Ita said.
> "There is no plan B this time," he said. "The main policy will be hope – hope that UBS doesn't get into trouble. But hope is not a strategy."

archive ph DJykQ

>> No.58352836

>>58352785
>And the cost of nationalisation could shatter public finances
i.e. they would rob everyone to bail out the bankers

>> No.58352841

>>58352785

>Tax haven
>noooo you can't not pay taxes!!!
>Swiss banks no longer offer tax evasion, now they are just like other banks anywhere in the world
>Nobody is putting money there anymore

Let me guess: They don't actually have money to pay back everyone who put money in there, instead, they relied on "INIFINITE GROWTH" economics and were always counting on continuous growth, and now interest in swiss banks went to ZERO

monkey trouble.jpg

Remember: banks are fine, so long as you pull all your money out of them before everyone else. Then you win.

>> No.58352860

LOL

>> No.58352862

You wanna know how that ends?

>The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

>> No.58352867

I can't believe how there has been absolutely no outrage, not even the slightest pushback, against the government forcing a publicly traded company to buy a failing competitor.
Imagine the shareholder screeching if GM were about to go bankrupt and the government would force Tesla to buy them. You would hear nothing else for weeks on end and the stacks of lawsuits would reach the ceiling of the courthouse but nobody cares when Switzerland does it.

>> No.58352924

>>58352785
>not even the Swiss can operate a modern financial institution safely
Is this perhaps a sign that modern fiscal policy might is a problem?

>> No.58352939
File: 96 KB, 1217x756, image_2024-04-10_122336102.png [View same] [iqdb] [saucenao] [google]
58352939

RUGGING

>> No.58352945

I have a massive account with UBS that also has my 401k in it

Am I fucked?

>> No.58353190

>>58352945
your money is most likely gone already

>> No.58353192

>>58352945

It's already gone

>>58352939

all the banks are in freefall. Jerome is going to blow them up to please twitter retards shrieking about 3% inflation

>> No.58353228

>>58352945
kek
thanks for paying

>> No.58353252

>>58352945

Should have bought bitcoin instead

>> No.58353255
File: 222 KB, 1650x1442, 1711749149285518.jpg [View same] [iqdb] [saucenao] [google]
58353255

The bank crash will be glorious

>> No.58353493
File: 92 KB, 512x468, 1696484861971761.jpg [View same] [iqdb] [saucenao] [google]
58353493

Who keeps birdcorns in an USB, op? Mine are all either on an SSD or cloud.

>> No.58353537

>>58352841
But anon, that sounds like a p-p-ponzi….!! Could crypto be just as safe as swiss banking?

>> No.58353925

>>58352785
>The main policy will be hope
pfffffffffffffffft

the only thing that keeps me going these days is laughing at how utterly retarded the people we're supposed to believe are "elites" and "captains of industry" are

>> No.58354347

>>58352841
I hate that they ruined banks.
I'm glad everyone has more ability to hold, save, invest, and deploy worthless fiat than ever before.

But you still have to be the first to sell...
Which is why we need banks to actually be banks. They should have enough golf to cover every single cent on their sheets.

>> No.58354382

>>58352945
Don't feel bad. 401ks are a scam so some fat faggot can take fees by moving your money constantly to ensure that you're not even getting the 8% return you're supposed to get.

If you put 100k into a 401k, you can expect to have 110k in 30 years. That's all those pieces of ahit are good for.

>> No.58354677

Happening? Black swan?

>> No.58355045

>>58354677
Its 100% not unexpected (black swan) when we never fixed the banking problem since 1944

>> No.58355776

>>58354677
>Black swan?
no
we can see the smoke, there's fire

>> No.58355816

>>58354382
It hurts me how true this is.

>> No.58355984

>>58352785
acceler9.

>> No.58356254
File: 60 KB, 682x484, bank.png [View same] [iqdb] [saucenao] [google]
58356254

>>58352939
it's over

>> No.58356625
File: 64 KB, 1187x531, image_2024-04-10_165918601.png [View same] [iqdb] [saucenao] [google]
58356625

>>58356254
ok I zoomed out more
you're right

>> No.58356680

*coughs in gamestocks*

>> No.58358750

>>58352785
So big event when?

>> No.58361073

>>58358750
Better be 2 more weeks, my puts expire in a month

>> No.58361089

>>58352862
God bless Satoshi

>> No.58361176

Buy gold and silver be your own bank.

>> No.58361329

>>58361176
DRS your GME to be your own bank

>> No.58362271

>>58361176
>can't spend
cucked in

>>58361329
your "bank" is going to single digits EOW

>> No.58362291

>>58361176
where do I stock this ?

>> No.58362325

>>58352867
It already happened in the US. JP Morgan was "encouraged" to buy Bear Stearns in 2008.

>> No.58362337

>>58361176
I sometimes leave my house so that's not a good idea.

>> No.58362341
File: 19 KB, 507x605, 1707759087450381.png [View same] [iqdb] [saucenao] [google]
58362341

>>58352785
>There is no plan B this time

>> No.58363129
File: 72 KB, 627x499, 1712362013926088.jpg [View same] [iqdb] [saucenao] [google]
58363129

>>58361329
>>58362271
>>58362337

>> No.58363259

>>58352785
>how authorities will protect Switzerland from the risk of the country's only remaining big bank also imploding
.. .. how can it be possible that me, a degenerate gambler, has better risk management than the swiss banks? is this embezzlement or something

>> No.58364004

>>58352836
Didn't Cyprus do that like 10 years ago? Literally stole peoples bank deposits and said ops, sorry, we need your money to save the bank

>> No.58364045

>>58352867
With banks everyone's too scared to push back because the alternative would be rugging the global economy. After regional banks were collapsing like dominos last year, JPMorgans stock started flying for good reason

>> No.58364114

>>58364004
That is called a bail-in, and yea that is what they did, and of course all major depositors had magically been warned and were out already.

>> No.58364807
File: 86 KB, 1069x763, file.png [View same] [iqdb] [saucenao] [google]
58364807

>>58354677

It's not over. It hasn't even begun.