Nani Beccalli, CEO of Falco Enterprises, discusses the aftermath of UBS’ emergency takeover of Credit Suisse and the wipeout of 16 billion Swiss francs’ worth of Credit Suisse’s Additional Tier 1 (AT1) bonds.
Government action averted potentially catastrophic situation, strategist says
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Can’t lose what you never had.
How has any of this put confidence in anyone???? What cloud is this guy on? The Swiss who think that they are the most superior country on the earth and that they do everything right are really receiving a drubbing on this one.