One can be relieved. Selling "Credit Suisse" to competitor "UBS", ending the history of the world's largest bank, 167 years old.

Dr. Kobsak Pootrakul, Senior Vice President of Bangkok Bank, revealed his perspective that the Swiss authorities forced the sale of Credit Suisse to its competitor, UBS, ending the history of this 167-year-old global banking giant. This concludes the fierce competition between the two banks for the number one position in Switzerland. The sale of $3.25 billion was made without allowing Credit Suisse shareholders to vote on their approval. This means Credit Suisse's value has plummeted by a staggering 97% from its peak of $90 billion in 2007, with the exchange rate set at 1 UBS for 22.48 Credit Suisse shares.

The Swiss Central Bank said it was "the best solution to build and maintain everyone's confidence in the Swiss financial system." and manage the risk of damage to the economic system.”

In this agreement

1. Authorities will absorb $9,600 billion in damages (if any) to UBS if damages exceed $5,400 billion.

2. Both banks Unrestricted access to liquidity from the Swiss Central Bank (unrestricted access) as specified in the Guidelines on Monetary Policy Instruments

3. The Swiss Central Bank will provide another $110,000 billion in additional liquidity loans to CS and UBS (if needed).

4. FINMA, the Swiss financial institution's director, said that Credit Suisse's $17,270 billion in bonds will not be paid back, allowing investors to absorb some of the burden of the bailout.

It was a swift and comprehensive decision by the Swiss authorities. To control the situation so that it does not spread further. Because in the end, Swiss banks have created a name in people's hearts as “The best commercial bank in the world” that everyone can be confident in You can deposit money.
If we let it go any further than this It will be too late.

“This is another giant bank that collapsed in the Perfect Storm era! Let's continue to wait and see. What else is waiting for us this year? This is the second year of the Perfect Storm crisis.”