UBS Saved Credit Suisse. SVB Took Risks. That Should Shock Nobody

 UBS Saved Credit Suisse. Now for the Bad News:

 “Faced with the failure of Credit Suisse, officials gave UBS what it wanted and created an even bigger bank with explicit state guarantees. This reinforces the perception that governments will always stand behind systemically important banks — an expectation that encourages even more irresponsible behavior.”

Bloomberg 21 mars 2023

SVB Took Risks. That Should Shock Nobody

 “The panic over the demise of SVB Financial Group, parent company of California-based Silicon Valley Bank, appears to reflect a widespread misunderstanding about what such institutions do.”

Bloomberg 10 mars 2023 


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