Shareholders in both Credit Suisse and UBS - which will hold an investor meeting on Wednesday - have been denied a vote on the takeover because of the emergency measures taken by the Swiss government to rush the deal through."This would have led to the worst scenario, namely a total loss for shareholders, unpredictable risks for clients, severe consequences for the economy and the global financial markets," he said.
It's common for middle-class Swiss people, especially the elderly, to invest money in a few shares as a back-up to their pensions. What have they traditionally considered safe? Switzerland's two biggest banks. But now Credit Suisse shares are worth less than 10% of what they were two years ago.
All banks and financial institutions are just legalised loan sharks and crooks.
Credit Swiss and banks they say sorry after they do damage to the customer
Have they not heard that the value of their investment may go up or down ! The greedy wankers deserve all they get
A Bank Can’t Make A Mistake These Days
He’s Apologised. Everything Is All Right Now. End Of.
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