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re: Swiss Government Just Stole All The Saudis Interest In Credit Suisse

Posted on 3/19/23 at 9:15 pm to
Posted by Lightning
Texas
Member since May 2014
2300 posts
Posted on 3/19/23 at 9:15 pm to
Credit Suisse shareholders are getting UBS shares that will equate to ~60% of what they were worth on Friday.

40% of their money got “canceled.”

Could it have been 100% if the bank collapsed? Could Credit Suisse have recovered like they claim they could have? Lots of unanswered questions, but CS shareholders are losing money.
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