DudleySmith
Diamond Member
- Dec 21, 2020
- 20,578
- 14,653
- 2,288
UBS and CRedit Suisse just merged; they both cater to the extremely wealthy, and they now are something like the third or fifth largest bank. Given their customer base, they will never be allowed to fail.
This crisis will end like all the rest, yet more mergers and concentration of the industry into fewer and fewer mega-corps.
This crisis will end like all the rest, yet more mergers and concentration of the industry into fewer and fewer mega-corps.