(C)redit (D)efault (S)waps are an investors way of saying, “I have zero faith you will be in a position to pay back the money I lent you so I’m taking out insurance for when you inevitably default.”. When these figures rise, it’s not a good sign for UBS.
But… It was so smart! 🙄
I mean, every such event has a knee-jerk reaction. wait and see
Can anyone simplfy the whole story about Credit Suisse? What does that means for a regular people, live in Switzerland?
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(C)redit (D)efault (S)waps are an investors way of saying, “I have zero faith you will be in a position to pay back the money I lent you so I’m taking out insurance for when you inevitably default.”. When these figures rise, it’s not a good sign for UBS.
But… It was so smart! 🙄
I mean, every such event has a knee-jerk reaction. wait and see
Can anyone simplfy the whole story about Credit Suisse? What does that means for a regular people, live in Switzerland?