UBS seeks $9b in govt guarantees for Credit Suisse deal – Michael West

Those with no money in the bank but on Robodebt in Australia weren’t forgiven in fact they were hunted down and named whether right or wrong. If a bank crashes here will the current government bail it out. The LNP would that’s without question.

UBS AG is asking the Swiss government to cover about $US6 billion ($A9 billion) in costs if it were to buy Credit Suisse, a person with knowledge of the talks says, as the two sides race to hammer together a deal to restore confidence in the ailing Swiss bank.

Source: UBS seeks $9b in govt guarantees for Credit Suisse deal – Michael West

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