Normal
Well I don’t know the details of how bad credit Susie’s situation was, but if their balance sheet was in a rocky situation UBS absorbing them should be a good thing for the banking system, of course the investors of credit suisse have taken a hit as they should. The remaining assets now belong to UBS who have to invest capital stabilise the situation.It’s not much different to other large important businesses that go broke, a new group moves in, recapitalises it and continues on.
Well I don’t know the details of how bad credit Susie’s situation was, but if their balance sheet was in a rocky situation UBS absorbing them should be a good thing for the banking system, of course the investors of credit suisse have taken a hit as they should. The remaining assets now belong to UBS who have to invest capital stabilise the situation.
It’s not much different to other large important businesses that go broke, a new group moves in, recapitalises it and continues on.
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