There was a little joke during the financial crisis that UBS stood for Used to Be Smart. Now I guess it’ll just stand for Used to Be Swiss. Like the article says, the threat is not new, but there’s a saying in their potential new home: Shit or get off the pot.
Au revoir!
Guess their „bags“ are getting too heavy and they need a place where it’s easier to hide their liabilities..
That’s really stupid.
Talking about weak threats.
Don’t threaten me with a good time! If this all means that the Swiss taxpayer won’t be in the hook if this systemically important bank goes bust, that’s all good.
bye and don’t let the door hit you
Our federal council are a bunch of spineless cunts who would never call their bluff. The swiss market is a gold mine and them moving headquarters would lead to most clients opting for a swiss bank.
The first paragraph:
“Rumours of UBS moving to the United States have resurfaced, just as the Swiss Senate is due to take up the issue of tightening capital requirements for institutions considered “systemic” in Switzerland on Monday.”
So they are just trying to very obviously blackmail the government into getting everything that they want. Good riddance.
It makes great sense. The USA has proven it is a kleptocracy ran by criminals, frauds, and pedophiles. What better place to be an evil business.
Are they also considering stopping being a bank? Maybe they could sell burgers instead?
Is this good for Switzerland?
Credit Suisse should have been cut in pieces and merged with various smaller banks in CH
whoever is shitting around in here doesn’t know that this would be quite a hit. If you have ever tried to get a substantial financing, you know that there are not too many players around.
I don’t like them eiter, really I don’t, but… it would be a loss for many Swiss companies if they had to go to BNP and Commerzbank who just don’t have the same focus on Switzerland.
I didn’t know what was outstanding about Swiss banking until I had to work with a german bank for a german affiliate.
I am tired of them. really. Nobody electrd Sergio Ermotti to the Federal Council so he has no right to dictate the legislation. Also it is the taxpayer who gave UBS billions of dollars to save it in 2008. Talking about lack of gratitude. They should just leave. But if they leave, they shouldn’t try to come back to ask for a bailout cause the US won’t help them if need be. I wish KKS would just tell them to fuck off but she will cave like the FC always does
Would make it easier to arrest all the UBS-managers for their frauds in the US.
Thats why I said that the government should have nationalized the CS and not sell it for a bargain to the UBS.
Schlagzeile für in 2030
“Untersuchung bei UBS.
Nachdem der Hauptsitz in die USA verschoben wurde, wird die einst Schweizer Grossbank beschuldigt für den ehemaligen US-Präsident Geld im 2-Stelligen Millionenbereich “versteckt” zu haben. Gemäss Insidern war die Bedingung zum Deal, dass die UBS “diskrete Anlageoptimierungen” für den damaligen Präsidenten durchführt”.
with their recent rise in assets from CS, i wouldn’t be surprised if they’re looking to escape FINMA to do more shady shit in a market that doesn’t give a fuck.
So which tax haven in the US is it gonna be? Alaska, Tennessee, Wyoming, Florida, South Dakota, New Hampshire, Texas, Nevada, or Washington?
Yes please go and kiss your orange overlords ass.
Good, then the US can bail them out when the next crash comes…
I’m sure the management are really looking forward to moving from Zug to NYC and paying 55% income tax instead of 22%.
ade merci.
People here probably don’t know this, but the New York Post, the source of the rumor, is an absolute bottom-of-the-barrel newspaper. Like a Bild on steroids.
25 comments
There was a little joke during the financial crisis that UBS stood for Used to Be Smart. Now I guess it’ll just stand for Used to Be Swiss. Like the article says, the threat is not new, but there’s a saying in their potential new home: Shit or get off the pot.
Au revoir!
Guess their „bags“ are getting too heavy and they need a place where it’s easier to hide their liabilities..
That’s really stupid.
Talking about weak threats.
Don’t threaten me with a good time! If this all means that the Swiss taxpayer won’t be in the hook if this systemically important bank goes bust, that’s all good.
bye and don’t let the door hit you
Our federal council are a bunch of spineless cunts who would never call their bluff. The swiss market is a gold mine and them moving headquarters would lead to most clients opting for a swiss bank.
The first paragraph:
“Rumours of UBS moving to the United States have resurfaced, just as the Swiss Senate is due to take up the issue of tightening capital requirements for institutions considered “systemic” in Switzerland on Monday.”
So they are just trying to very obviously blackmail the government into getting everything that they want. Good riddance.
It makes great sense. The USA has proven it is a kleptocracy ran by criminals, frauds, and pedophiles. What better place to be an evil business.
Are they also considering stopping being a bank? Maybe they could sell burgers instead?
Is this good for Switzerland?
Credit Suisse should have been cut in pieces and merged with various smaller banks in CH
whoever is shitting around in here doesn’t know that this would be quite a hit. If you have ever tried to get a substantial financing, you know that there are not too many players around.
I don’t like them eiter, really I don’t, but… it would be a loss for many Swiss companies if they had to go to BNP and Commerzbank who just don’t have the same focus on Switzerland.
I didn’t know what was outstanding about Swiss banking until I had to work with a german bank for a german affiliate.
I am tired of them. really. Nobody electrd Sergio Ermotti to the Federal Council so he has no right to dictate the legislation. Also it is the taxpayer who gave UBS billions of dollars to save it in 2008. Talking about lack of gratitude. They should just leave. But if they leave, they shouldn’t try to come back to ask for a bailout cause the US won’t help them if need be. I wish KKS would just tell them to fuck off but she will cave like the FC always does
Would make it easier to arrest all the UBS-managers for their frauds in the US.
Thats why I said that the government should have nationalized the CS and not sell it for a bargain to the UBS.
Schlagzeile für in 2030
“Untersuchung bei UBS.
Nachdem der Hauptsitz in die USA verschoben wurde, wird die einst Schweizer Grossbank beschuldigt für den ehemaligen US-Präsident Geld im 2-Stelligen Millionenbereich “versteckt” zu haben. Gemäss Insidern war die Bedingung zum Deal, dass die UBS “diskrete Anlageoptimierungen” für den damaligen Präsidenten durchführt”.
with their recent rise in assets from CS, i wouldn’t be surprised if they’re looking to escape FINMA to do more shady shit in a market that doesn’t give a fuck.
So which tax haven in the US is it gonna be? Alaska, Tennessee, Wyoming, Florida, South Dakota, New Hampshire, Texas, Nevada, or Washington?
Yes please go and kiss your orange overlords ass.
Good, then the US can bail them out when the next crash comes…
I’m sure the management are really looking forward to moving from Zug to NYC and paying 55% income tax instead of 22%.
ade merci.
People here probably don’t know this, but the New York Post, the source of the rumor, is an absolute bottom-of-the-barrel newspaper. Like a Bild on steroids.
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