Menu
Sister Sites

  • Terms of UBS Acquisition Wipes out Additional Tier 1 Capital and Spurs Fresh Concerns

    From marctomarket.com

    UBS takeover of Credit Suisse, the sale of Signature bank assets, and the daily dollar swaps could have helped stabilize the budding banking crisis. However, the wipeout of the additional tier 1 capital cushion (16 bln Swiss francs) at Credit Suisse has raised concern about the vulnerability of other such assets, which post-GFC is a $275 bln market in Europe. Asia Pacific equities was a sea of red, led by a 2.65% drop in the Hang Seng and 2.2% fall in its index of mainland shares. Japan and Australia's indices shed more than 1%. Europe's Stoxx 600 is off fractionally, but the bank index is off 2.5% (after a 2.7% ... (full story)

One of our fundamental rights as shareholders has been wiped away - the right to vote.
This right has been around for hundreds of years. And disappeared over a weekend.

West is bound to fall, i wonder which country will replace Switzerland and the U.S as main financial guarantors.
Will it be Saudi? Qatar? China? i got no idea to be honest, but it's sad to see the power of the West fall so rapidly.
Memories is all that remains…
Quoting Ferna
One of our fundamental rights as shareholders has been wiped away - the right to vote. This right has been around for hundreds of years. And disappeared over a weekend. West is bound to fall, i wonder which country will replace Switzerland and the U.S as main financial guarantors. Will it be Saudi? Qatar? China? i got no idea to be honest, but it's sad to see the power of the West fall so rapidly.
That makes no sense. By assuming the role of a shareholder, you also take on the risk. The bank failed to place risk mitigation strategies and the shareholders bear the ultimate responsibility. It's right that shareholders lose everything.
Quoting raklian
{quote} That makes no sense. By assuming the role of a shareholder, you also take on the risk. The bank failed to place risk mitigation strategies and the shareholders bear the ultimate responsibility. It's right that shareholders lose everything.
Bank made a stress test a month ago and passed. This is the responsibility of FED and authorities - not the shareholders. The shareholders are the owner of the company - not the government, the management or FED.
You are implying that you are not a supporter of liberal capitalism.
Memories is all that remains…
  • New Comment
  •  Guest
  • | IP XX.XXX.79.149
Join FF
  • Story Stats

  • Related Stories