What’s Behind The Fall Of Credit Suisse, A 167-Yr-Old Bank & Why Did UBS Really Come To Its Rescue?

Swiss bank Credit Suisse was set up in 1856, nearly 170 years ago, to arrange funds for Switzerland’s railways. A few days ago, it was bought by rival UBS, after a bunch of scandals, losses and issues with management. Now, UBS has agreed to take over the bank for all of 3.2 billion dollars. The ‘historic’ merger was facilitated, almost forced, by Swiss banking authorities with the Swiss Central Bank (SNB) guaranteeing to pay UBS 9 billion Swiss francs on potential losses. But exactly was it that went wrong in Credit Suisse, especially at a time when the confidence in global banks as such is not exactly high? Watch to find out!
#creditsuisse #ubs #banking
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[@mamajanu3147]

Very well covered. Every aspect coverd in 5 min video. Thanks for the info.

[@_GMP_]

Adani should have taken over it

[@tiwari5485]

Sad reality, rich continue to be rich by looting an everyday common man. It’s easy for these people to pack their bags and close the doors on the face on many hard working individuals.

[@naturegirlbb100]

No wonder it collapsed, banks need to conduct customers due diligence in lending investors monies to borrowers that are foreseen to go down. There is always an end to everything

[@Stockoptions8306]

Mam plz Hindi languages...help pan card link aadhar card..penalty 1000 q mam iska video

[@_GMP_]

Close old pan number and make new one after apr 1