Note the denial, meaning there is a problem….
🤔🤔🤔
ZURICH, Nov 22 (Reuters) – UBS is one of the world’s safest large institutions, the Swiss bank's CEO said while speaking at a Swiss Risk Association event on Wednesday.
"Even in the unlikely event of something going wrong at UBS, we have enough cushion before even… pic.twitter.com/XflhUoPQlX— Boone Cutler 🦬🇺🇸 🦅 (@boonecutler) November 22, 2023
Assets under management: 3.96 trillion USD (2022)
And there it is:
UBS CEO: SWITZERLAND NEEDS A PUBLIC LIQUIDITY BACKSTOP
— First Squawk (@FirstSquawk) November 22, 2023
A week ago:
🚨WARNING: SOMETHING BROKE!🚨
Yesterday, we were discussing the signs of "Panic behind closed doors" [https://t.co/nbGuVRHq9z], today we have 100% certainty that something big enough to justify extreme actions from the US Government and US Regulatory Agencies… https://t.co/hgmiQcqWRV
— JustDario 🏊♂️ (@DarioCpx) November 16, 2023
DAY 1 (Today)
IT HAS BEGUN
BREAKING NEWS NOW: UBS IN TROUBLEhttps://t.co/B0NNe8X9ku— standard (@123XRP589) November 22, 2023
The UBS credit default swaps (insurance on default) are now going vertical.
So who buys out UBS if they have an issue? pic.twitter.com/tCRKfSIus2
— Wall Street Mav (@WallStreetMav) March 20, 2023
h/t jlee2027