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

How to Change Password for Fidelity Investments App

How to Change Password for Fidelity Investments App In this video, I'll show you How to Change Password for Fidelity Investments App. This is the easiest and fastest way to Change Password for Fidelity Investments App. Make sure you watch until the end of this video to find out How to Change Password for Fidelity Investments App on Android and iPhone. These methods work on Android as well as iOS 11, iOS 12, iOS 13, iOS 15 and iOS 16. Hope you enjoy! Video Parts: 00:00 Intro: How to Change Password for Fidelity Investments App 00:07 Changing Password on Fidelity Investments App 00:38 Outro: Ending Thanks for watching! ❤ Bytes Media © 2022 Topics Covered: Bytes Media how to how to fix How to Change Password for Fidelity Investments App how to change password for fidelity investments fidelity password fidelity login how to change fidelity wifi password i forgot my fidelity online banking username and password fidelity password requirements fidelity customer service fi...

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

American Hartford Gold Review – Best Gold IRA? Pros and Cons

In this American Hartford Gold Group review, I go over what makes this Gold IRA company unique, the pros and cons, their fees, and much more. Get Their Free Guide Here: 00:00 Intro 00:25 Is Gold a Good Investment? 01:02 Why Choose American Hartford Gold? 01:48 Is American Hartford Gold a Legitimate Company? 02:35 How Does American Hartford Gold Work? 03:30 American Hartford Gold’s Price Match Guarantee 03:57 American Hartford Gold’s Minimum Investment 04:28 American Hartford Gold’s Buyback Guarantee 04:56 American Hartford Gold Storage and Security 05:54 American Hartford Gold Free Silver Promotions 06:11 No Overseas Storage Options 06:22 American Hartford Gold Group Price List Not Available Online 06:38 American Hartford Gold Group Review Summary 👉 FREE Resources: ➜ Gold IRA Company Reviews: American Hartford Gold Group continues to be a well-respected market leader in the gold IRA and precious metals investment industry. The company’s proven track record ...

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