You just watched a bail in. How's it feel??? Cs has 1.3t in assets....wouldn't they sell some of those to remain solvant instead of being bought by 3 billion by UBS. Didn't speak to shareholders...bond holders money gone.....instead just taken over.
It's ok though cuz this is minor to what's comin. We are not being told what's coming....fed gonna do 25 basis at least and ur just gonna pay more and take it. Criminal!!!$Credit Suisse Group AG(CS)$
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CS doesnt have 1.3T in assets. Those are AUM which is client money. Their own assets is about 550billion as of FY22 end which could have let them survive but >10b cap is not good for investment bank