Central Bankers Up to Their Usual Cunning and Treachery

Editor's note: Don't believe anything coming out of the media (front office PR for central banks) especially out of the pirate City of London (the nexus of central banking). Nothing is as it seems and you will understand this better after reading Alleged "Failure" of Credit Suisse in Switzerland Is Another Scam. Central bankers are a treacherous lot of gangsters with sophisticated names and forged successes only. These large banks are consolidating monetary power under cover of a circus show. All you have to do is concern yourself about inflation (the real threat) and not bank runs/defaults. The media tells you the opposite of what is actually happening. Of course, anything to scare the shit out of you.
________

Source: Mail Online

Swiss bank UBS 'is prepared to take over troubled rival Credit Suisse but only for a knockdown price'

• UBS has reportedly offered to buy its troubled rival Credit Suisse for $1billion
• Read more: Future of Credit Suisse hangs in balance as rescue efforts intensify

By KATHERINE LAWTON | 19 March 2023 

Swiss bank UBS is prepared to take over its troubled rival Credit Suisse but only for a knockdown price, reports said today.

It comes amid urgent talks aimed at saving the embattled bank from a bloodbath when the markets reopen.

The two largest banks in the wealthy Alpine nation famed for its banking prominence have been in negotiations with the government throughout the weekend, with the central bank and financial regulators all involved.

The Financial Times, which was the first on Friday to report the prospect of Switzerland's biggest bank swallowing up Credit Suisse, said UBS had offered to buy it for up to $1billion.

The transaction would be worth 25 cents (0.23 Swiss francs) per Credit Suisse share, the FT said.

Swiss bank UBS is prepared to take over troubled rival Credit Suisse 

but only for a knockdown price, reports said today

Please go to Mail Online to continue reading.

________

Everything is vapour...