The consolidation of the global banking industry is in motion. In the end there will be a handful of giants, exercising a social credit score and digital currency. Be a good citizen, and you can participate. Be irascible, and you get Ungatz.
They are paying $2 billion for a bank that was valued at $8 billion on the close Friday.
Monday is going to be a mess. How many US companies just got a haircut? And how will that affect earnings and reserves?
I thought Brandon Russia sanctions were supposed to crus Russian economy.
Backfired.
A lot of big money in the loop now wonder if tomorrows market will show how is buying what?.
They put U before the BS.
$19 billion in bonds just got written down to $0. Deflation anyone?
UBS is a smaller bank unless I’m mistaken
They own what used to be JC Bradford my old sec brokerage house
So that one-world-government in the part of the Bible at the very end? It is happening in our lifetimes?
Oh, Snap!!!