Thread by Ram Ahluwalia, crypto CFA: In Switzerland, the 'rule of bank' trumps the 'rule of law’. The government agreed to change the law to fast-track UBS’s acquisition of Credit Suisse and bypass shareholder consent. Shareholders will be wiped out. Were the Swiss banks ever trul

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Ram Ahluwalia, crypto CFA
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In Switzerland, the 'rule of bank' trumps the 'rule of law’.

The government agreed to change the law to fast-track UBS’s acquisition of Credit Suisse and bypass shareholder consent.

Shareholders will be wiped out.

Were the Swiss banks ever truly private then?
🤔 twitter.com/i/web/status/1637548800620347394
Credit Suisse equity research analyst has a HOLD rating on UBS Group stock

HOLD is codeword for ‘Sell’

Pretty sure that flips to a BUY rating before the next performance review

We need to check in on this in a few months

😂
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Howard Lindzon 2mos

Good thread on UBS and swiss ‘cheese’ banking