Credit Suisse bought by UBS at 1/4th of it’s value. Board rejected initial offer @ $1B so the Swiss government changed laws and bypassed shareholders wishes to allow the acquisition at a valuation of $2B.
EU not happy about the development. It “might” affect investor confidence.
Any one who still thinks of stocks as an asset needs to realise they can take your “assets” at will. Why take that risk??
SatoshiSamurai
npub14t…5d5f6
2023-03-19 23:20:28
Author Public Key
npub14tgre8e992pq2njqankr3m620j7efykf3xer4mfcv5p6drs6u24qw5d5f6Published at
2023-03-19 23:20:28Event JSON
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"content": "Credit Suisse bought by UBS at 1/4th of it’s value. Board rejected initial offer @ $1B so the Swiss government changed laws and bypassed shareholders wishes to allow the acquisition at a valuation of $2B. \n\nEU not happy about the development. It “might” affect investor confidence. \n\nAny one who still thinks of stocks as an asset needs to realise they can take your “assets” at will. Why take that risk??",
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}