Swiss Finance Minister Denies UBS Buying Credit Suisse is a Bailout

Swiss Finance Minister Karin Keller-Sutter says UBS taking over Credit Suisse is not a bailout. She speaks in Bern, Switzerland. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: ...(read more)

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Swiss Finance Minister Ueli Maurer recently made a statement about the possible merger of two of Switzerland's largest banks – UBS and Credit Suisse. Maurer said that UBS buying Credit Suisse is not a bailout, as many have speculated. The merger has been a hot topic in the Swiss banking sector for months. Many believe that the merger would create a banking behemoth that would inevitably require government assistance in the event of a financial crisis. However, Maurer dismissed these claims, stating that the merger would be a strategic move for the banks and would not involve any government bailout. Maurer's statement comes amid growing concerns about the stability of both UBS and Credit Suisse. Both banks have been hit hard by the COVID-19 crisis and the resulting economic downturn. UBS posted a 16% drop in profits in the third quarter of 2020, while Credit Suisse reported a 38% decline in profits in the same period. The proposed merger would bring together two of Switzerland's largest and most important banks. UBS is one of the largest wealth managers in the world, while Credit Suisse is a top-tier investment bank. The merger would create a bank with a combined market value of around $139 billion – making it one of the largest banks in the world. Despite the potential benefits of such a merger, many remain skeptical. Some fear that a merger of this size could destabilize the Swiss banking sector and put taxpayers at risk. However, Maurer's statement suggests that the Swiss government has no intention of providing a bailout to either UBS or Credit Suisse. Maurer's comments have been met with mixed reactions from the Swiss business community. Some have praised his reassurances that a merger would not involve a government bailout, while others have criticized the government for not doing more to prevent the crisis in the first place. Regardless of the government's stance, the proposed merger between UBS and Credit Suisse is still a topic of much discussion in Switzerland. Whether or not the two banks eventually merge, it is clear that the Swiss banking sector is facing significant challenges. Only time will tell if the sector can weather the storm and emerge stronger on the other side. https://inflationprotection.org/swiss-finance-minister-denies-ubs-buying-credit-suisse-is-a-bailout/?feed_id=92422&_unique_id=644c67e963663 #Inflation #Retirement #GoldIRA #Wealth #Investing #creditsuisseag #karinkellersutter #UBSAG #BankFailures #creditsuisseag #karinkellersutter #UBSAG

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'

Timothy Sumer

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