Loading ...Re UBS etc
I get the impression that amongst the big banks, that trading is like ‘pass the parcel’…if the music stops and u are holding the bag, u get ‘effed…and for some reason the Swiss get the Bag, far too often……u are right they are still v sober…but both UBS and Credit have become typical Wall st cowboy operations…..and they get the Bag, too, often.
Goldielocks…yes they pegged the SFr…..but that was to stop it going up…..The Swiss are the wealthiest people on earth……so it has not caused too many problems.