| Something seems seriously amiss in bank world. on 09:22 - Mar 20 with 622 views | giant_stow |
| Something seems seriously amiss in bank world. on 09:17 - Mar 20 by ClareBlue |
Tax payer of course, like we always do. |
fair point both. Is Switzerland financially large enough for that though? Or maybe it would be a global thing if it came to it. But then again hasn't Deutsche Bank been in trouble over the last few years too? |  |
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| Something seems seriously amiss in bank world. on 09:28 - Mar 20 with 599 views | nrb1985 |
| Something seems seriously amiss in bank world. on 09:22 - Mar 20 by giant_stow |
fair point both. Is Switzerland financially large enough for that though? Or maybe it would be a global thing if it came to it. But then again hasn't Deutsche Bank been in trouble over the last few years too? |
They bailed out UBS in 2008 and did rather well out of it.
They made CHF 5bn when they eventually sold their stake. |  | | |
| Something seems seriously amiss in bank world. on 09:31 - Mar 20 with 597 views | Guthrum |
| Something seems seriously amiss in bank world. on 09:09 - Mar 20 by giant_stow |
UBS down 12% this morning apparently - who rescues them if they go bust? |
Share price dented, yes. But that's not the same as going bust. They are still a vast banking institution which made profits of $7.6bn last year. |  |
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| Something seems seriously amiss in bank world. on 09:39 - Mar 20 with 576 views | Zx1988 |
| Something seems seriously amiss in bank world. on 09:09 - Mar 20 by giant_stow |
UBS down 12% this morning apparently - who rescues them if they go bust? |
Coastguard? | |
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| Something seems seriously amiss in bank world. on 09:42 - Mar 20 with 573 views | Guthrum |
| Something seems seriously amiss in bank world. on 08:52 - Mar 20 by NthQldITFC |
Fear not, USBs are just marketing ordure, there will be other ones which are just as good in reality. |
Or so Apple would have us believe. | |
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| Something seems seriously amiss in bank world. on 09:43 - Mar 20 with 572 views | Guthrum |
| Something seems seriously amiss in bank world. on 09:39 - Mar 20 by Zx1988 |
Coastguard? |
Not in Switzerland! | |
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| Something seems seriously amiss in bank world. on 10:10 - Mar 20 with 537 views | leitrimblue |
| Something seems seriously amiss in bank world. on 09:39 - Mar 20 by Zx1988 |
Coastguard? |
Surely a St Bernard with a barrel of brandy around its neck? |  | | |
| Something seems seriously amiss in bank world. on 10:40 - Mar 20 with 512 views | giant_stow |
| Something seems seriously amiss in bank world. on 09:31 - Mar 20 by Guthrum |
Share price dented, yes. But that's not the same as going bust. They are still a vast banking institution which made profits of $7.6bn last year. |
No clearly not, but its quite a striking reaction to last nights deal. The Swiss govt put in £50b last week which doesn;t seemed to have helped much - I read £10b was withdrawn on Friday alone, so the sums seem vast to me. | |
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| Something seems seriously amiss in bank world. on 10:51 - Mar 20 with 483 views | SuperKieranMcKenna |
| Something seems seriously amiss in bank world. on 10:40 - Mar 20 by giant_stow |
No clearly not, but its quite a striking reaction to last nights deal. The Swiss govt put in £50b last week which doesn;t seemed to have helped much - I read £10b was withdrawn on Friday alone, so the sums seem vast to me. |
But to put those numbers in perspective UBS had over US 1trn in assets as of last year.
Their share price fell much more severely during the pandemic. | | | |
| Something seems seriously amiss in bank world. on 11:01 - Mar 20 with 470 views | giant_stow |
| Something seems seriously amiss in bank world. on 10:51 - Mar 20 by SuperKieranMcKenna |
But to put those numbers in perspective UBS had over US 1trn in assets as of last year.
Their share price fell much more severely during the pandemic. |
Cheers James, I feel a little less wtf now! | |
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| Something seems seriously amiss in bank world. on 11:29 - Mar 20 with 431 views | HARRY10 |
| Something seems seriously amiss in bank world. on 20:52 - Mar 19 by Guthrum |
Of course, these mass destabilising withdrawals could be economic warfare by Russia (or China) ...
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Hmm, you may have something there
I did wonder what that foreign looking chap with the fur hat and snow on his boots was doing lurking around the cash machine on Saturday.
Me no trusskie the russkie | | | |
| Something seems seriously amiss in bank world. on 12:21 - Mar 20 with 416 views | NthQldITFC |
| Something seems seriously amiss in bank world. on 09:42 - Mar 20 by Guthrum |
Or so Apple would have us believe. |
(Not) Uniquely, everyone has missed my joke.
(Or more likely, not been Sold on it being even slightly funny! Which, if I'm honest, is a very fair Point) |  |
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| Something seems seriously amiss in bank world. on 12:35 - Mar 20 with 394 views | ronnyd |
| Something seems seriously amiss in bank world. on 09:39 - Mar 20 by Zx1988 |
Coastguard? |
More of a 'lake shore' guard, | | | |
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