This is the same UBS that in 2018 was already bailed out once by the Swiss national bank with $6B cash plus allowed to write off $54B in bad debt to another entity.
“On October 16, the government and SNB outlined their aid plan: CHF6 billion ($6.09 billion) from the state to restore the bank’s own funds and $54 billion from the central bank to allow UBS to transfer the illiquid securities into a special stability fund – a bad bank, while waiting for better times to sell them back.” source
The Swiss government should demand full payback of that with interest if they want to leave.
This is the same UBS that in 2018 was already bailed out once by the Swiss national bank with $6B cash plus allowed to write off $54B in bad debt to another entity.
“On October 16, the government and SNB outlined their aid plan: CHF6 billion ($6.09 billion) from the state to restore the bank’s own funds and $54 billion from the central bank to allow UBS to transfer the illiquid securities into a special stability fund – a bad bank, while waiting for better times to sell them back.” source
The Swiss government should demand full payback of that with interest if they want to leave.