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@stupidminotaur9735
Жыл бұрын
Saudi's bought a 9.2% or 9.8% not 10% stake in the bank
@KaiserLandsknecht
Жыл бұрын
Free shipping = shite quality
@amutah8063
Жыл бұрын
Everyone on here saying thank God no more Masterworks!!... we can live with shoes that don't get wet or whatever they do.
@AlexanderTheGoodEnough
Жыл бұрын
Thought they made under water scratch and sniff stickers.
@Merle1987
Жыл бұрын
He's gotta make money somehow.
@SecondTake123
Жыл бұрын
That's Vessi! 😂
@Derekzparty
Жыл бұрын
How about buying fractional shares in shoes that don't get wet!
@pravinhraj5631
Жыл бұрын
Hahahaha 😂😂😂
@jensumayer
Жыл бұрын
I can't believe the regulators did not require Swiss Bank to be spun off. Wealth Management, Asset Management and Investment Banking have international competition. The consolidation of local branch banking is a desaster.
@testboga5991
Жыл бұрын
Falling for the bait of the people who would like to have kept their profits, aren't we?
@AllHailNannerpuss
Жыл бұрын
I like this sponsorship better. It's less scummy than Masterworks.
@freestuff4uandme
Жыл бұрын
Factssssssss
@crescentprincekronos2518
Жыл бұрын
Hey if the financial world ends, then there is no need for Wall Street millennial. There might be a need for Wall Street museum though 😂😂
@KC-bi9jw
Жыл бұрын
I was also commenting on his previous videos about the Masterworks Ad, and people were attacking ME! Like they were saying I was stupid for falling for ads, when I was saying he can choose any ad, but it makes him look corrupt choosing Masterworks as a financially focused channel. I feel sane now. I'm glad he changed, its good for his integrity.
@TheHeavenlyDemon
Жыл бұрын
@@KC-bi9jw not corrupt your little peon brain does not understand how masterworks works as a financial instrument
@sanbetski
Жыл бұрын
@@KC-bi9jw lol same. Their greed got the best of them. I was commenting in the past as well that masterworks was a scam from the start. It insults intelligence of the audience to fall for that trash
@stuartegrin7543
Жыл бұрын
There are always rules in place until the powers that be declare an emergency and all of a sudden there are no rules. No conflict of interest or insiders being protected, right?
@testboga5991
Жыл бұрын
Being the single employer and single shop in town for certain loans could backfire spectacularly for swiss banking.
@kitkitos
Жыл бұрын
The takeover of Credit Suisse by UBS means that the latter will now have to service both risky & speculative high-yield assets and boring & stable low-yield assets. This means that UBS will now have to demonstrate two completely opposite investment strategies for its expanded client base, thereby multiplying the risks for the Swiss banking industry as well, which is now dominated by the giant banking conglomerate.
@mikatu
Жыл бұрын
Who told you that UBS is going to hold CS in the long term? The plan might be to split CS into small pieces and sell them away and keep the good stuff in-house. CS was already going south before this crisis.
@Antonio-Russell
Жыл бұрын
I think you’re mistaken… nothing is changing other than the ownership.
@GodSpeed161
Жыл бұрын
Hey Mykyta, I think your point is interesting. For Uni I'm writing a Column on the Macroeconomic effects of the UBS/CS merger and I was wondering if you could elaborate slightly on this as it would make a great point in the Column. Regardless of your answer thanks for the time :)
@EskiZagra
Жыл бұрын
IBS already had the same type of client products and assets as CS; both banks are twins if you will. It is just that the risk controls/appetite of IBS were simply better for historic reasons. CS f*cked up with many money-laundering scandals, sanctions breaches, speculative investments, tax evasions (like 3 of them for nearly 3 bil USD in 2010s alone paid to Germany, US and Japan was it?) etc. which lead to their downfall. The higher the risk, the higher the gains (or harder the fall, if you will) - that was their MO. ISB had compliance properly set up and proper vetting of clients; minimum amount of scandals.
@seneca983
Жыл бұрын
On the other hand, the opposite strategies are a form of diversification. At the very least, the risk should be lower than only using the riskier strategy.
@kevinbarry71
Жыл бұрын
If the country of Switzerland were located somewhere other than Europe, or North America, it would be considered a rogue nation.
@brucet.3239
Жыл бұрын
Personally I'll take stepping into a puddle with brand new shoes over losing a billion dollars, but that's just me.
@randylahey8934
Жыл бұрын
they really make they're marketing for Vessi ™️ way too obvious 🙄
@garethNP
Жыл бұрын
That shoe commercial segway is great.
@stuartegrin7543
Жыл бұрын
Let me see if I understand the point that you made when comparing the two both historically have participated in helping criminals hide the assets they have stolen and participate in money laundering, but one is not as bad a character as the other so they both have historically participated in illegal activities But one did it more so than the other do I understand the analysis correctly
@africadeclassified
Жыл бұрын
After the dust settles the Swiss govt should break up this new behemoth UBS. Failure to do so means inevitably that when the next crisis comes, there won't be a big enough bank to take over UBS as happened with Credit Suisse. The govt would have to do it and it will be catastrophic!
@testboga5991
Жыл бұрын
And that will happen. With all competition in some fields eliminated, things are going to go crazy
@Slugbunny
Жыл бұрын
What an awesome system that keeps creating these nightmares out of necessary basic services.
@unobooks
Жыл бұрын
just like the vision fund, another brilliant investment by the hajis, but duh vinci's salvator mundi still takes the halal cake, cant imagine where they would be now without oil
@LegendTheAnonymous
Жыл бұрын
Good video! But an obvious chart was missed. You say UBS will be the largest bank in Switzerland by far, but why not include statistics regarding exactly how it’s revenue or market cap relates to other Swiss banks?
@terriarnold4364
Жыл бұрын
I think it's all been deliberate and intention and their get together at Davos,Switzerland to make all of happen.
@brunon44
Жыл бұрын
Heard of Bank Julius Baer...the headline screeched "Monopoly" then the video mention "near monopoly."
@httm241
Жыл бұрын
Julius Baer has always been the third wheel in the relationship
@jensumayer
Жыл бұрын
The new behemoth is 10x the size of Julius Baer. And they don't really do branch banking. Try to get a small business loan from them! But they are providing services in South Africa and Russia. So - to be more specific - UBS is a monopoly for any business in Switzerland needing services not offered by a cantonal (public) bank.
@markmccormack1796
Жыл бұрын
Are there hair brushes and mirrors in Switzerland?
@johnbee7729
Жыл бұрын
One of the very few instances where shareholders in a wealthy corporation actually get some pain. Hmmmm, did the Saudi investment have an impact on the government's decision. And surprsed (but possibly buried in the fine print) that UBS can't get too big without the government stepping in.
@MrRocrma
Жыл бұрын
Brining Tijane Thiam brought black day for Credit Suisse! The bank has been seeing decline since then.
@TehPwnerer
Жыл бұрын
More importantly they make PFAS saturated garments
@ronaldwilliams4053
Жыл бұрын
Dam u got some good shit man I been watching all these lol keep it up
@tinmanDMC
Жыл бұрын
You made fantastic videos!
@kevinbarry71
Жыл бұрын
The entire Swiss banking industry is an ethically questionable business decision
@R3ACHGOD
Жыл бұрын
Blabla
@id10t98
Жыл бұрын
You never heard of Jamie Dimon Morgan Chase?
@christophregli2160
Жыл бұрын
UK …..City of London …… and the several tax islands …… to name a few which are much more questionable …….. Delaware …….. why not go after them?
@christophregli2160
Жыл бұрын
UK …trust …zero transparency
@Antonio-Russell
Жыл бұрын
What about FCNCA?
@travissobeck4939
Жыл бұрын
now they just need to break up UBS
@TheTeaParty320
Жыл бұрын
Let’s see more banks fail; it’s so entertaining, it males me smile.
@tjejojyj
10 ай бұрын
No investment bank can function on the world market without a government guarantee. Free market capitalism exhausted itself at the end of the 19th century. The way to higher profits is via cartels and monopolies. There was a German political-economist writing in the 19th century is had a few things to say about the logic of capitalist production, its historical development and how its contradictions lead it to break down. Those who said he was irrelevant were also incapable of predicting the current crisis.
@patternwhisperer4048
Жыл бұрын
The swiss secrecy banking laws only applies to swiss citizens... and obtaining Swiss citizenship is notoriously hard.
@BRYDN_NATHAN
Жыл бұрын
6:54 ameliorate who the heck uses that word.. .
@ernestburelle2035
Жыл бұрын
last week yellen had a close door meeting with jamie & then on saturday jamie had a meeting with the ceo's of the 8 big banks, at his apartment they are planing to short the precious metal market between themselves to suppress the metals so again they can steal billions from the miners and the investors through racketeering, he needs yellen to keep the heat off them while they are doing what they do best rig & manipulate the medals, mark my words they will keep the price suppressed so that the people fleeing these other banks will not run to gold & silver, and run to the other 8 big banks, just saying, why else would they have these back room meetings. its to bad the doj is so corrupt, as there is a whole lot of criminal activity going on here.
@yesnathan22
Жыл бұрын
Its "Too Big to fail"
@testos2701
Жыл бұрын
Another monopoly, oh no, another one!
@FedorKolchin-me6xt
6 ай бұрын
UBS is now too big to bail. With a GDP five times smaller than Credit Suisse’s AUM, Switzerland would struggle to offer a significant bailout package to UBS if shit ever went down.
@djpuplex
Жыл бұрын
Watching that in video add felt like stepping in a muddy puddle.
@SourCandy436
Жыл бұрын
gov bail out all over the world. should just let it fail, fire sale all the assets.
@ralfkalmarson3367
Жыл бұрын
Too big to fail* plz fix
@adventurfly879
Жыл бұрын
This type off stuff is an absolute crime. We will own nothing and like it they say. The first part is definitely true.....
@Mesozoic_mammal
Жыл бұрын
8 billion in cost cuts might be unrealistic...
@BrauseKL
Жыл бұрын
Btw thats not the president of switzerland, thats the chancellor being just an administrative role
@seneca983
Жыл бұрын
Isn't the president the one in the center? Not that it matters that much in the case of Switzerland but I don't think WSM was incorrect since he did show the president along with the rest of the Federal Council if I'm not seeing wrong.
@amosigil8
Жыл бұрын
Any chance UBS stock will an upside after this merger?
@vanesslifeygo
Жыл бұрын
when the entire world banking sector or economy bounces, maybe. but American stocks will bounce more
@seneca983
Жыл бұрын
In principle that should already be reflected in the stock price.
@fas609
Жыл бұрын
UBS getting a bargain after the 17b CS AT1 bond wipe permitted by central bank.
@vincemartin5323
Жыл бұрын
Must be a Good day to be a UBS Salesmen. Bet they poopoo Talk all over those wreckless Credit susse Sales teams🤭
@Lordslothable
Жыл бұрын
NEXT :))))
@carlinsylvester3723
Жыл бұрын
Shoes can be washed off though 😂...
@thomasucc
7 ай бұрын
Sovereign liability
@firozebukht8207
Жыл бұрын
Do you have any idea of money losses of Arabs in this banking crisis.
@dannylo5875
Жыл бұрын
Massive. Ripoffs.
@thomasucc
7 ай бұрын
2 banks bankrupt
@franklinroosevelt8433
Жыл бұрын
They are losing 50 billion dollars a day.
@TheTeaParty320
Жыл бұрын
Let those banksters rot.
@Talleyhoooo
Жыл бұрын
This feels very fishy
@dkaoboy
Жыл бұрын
Am I the only one who caught that? Credit Suisse put a black guy on top. See what y'all get for doing that? you lose it all.
@TheTeaParty320
Жыл бұрын
Let’s hope UBS fails as well.
@TheDavidlloydjones
Ай бұрын
At 1:29 "Tangible book value" is not a thing. You seem to mean something like "actual book value" or "their book value at that day's prices." But it's not clear why you want to talk about book value of anything here. You're trying to cry crocodile tears over how the Swiss government have put the boots to the long-suffering shareholders of the stupid bank. Book values have no relevance to that. Market prices are the only thing relevant. Take it down. You've goofed. Twice. You've over-run your own knowledge. And you've done it very very publicly.
@JJ-io4pe
Жыл бұрын
I am glad the sponsor wasn't masterworks, but Vessi sucks. They are not really waterproof, more like resistant and the company itself also sucks.
@tomdgr9767
Жыл бұрын
Monopoly is bad
@lambertois11
Жыл бұрын
There is still a mystery in the UBS Credit Suisse saga! Why the Suisse government did not intervened much earlier to prevent the Credit Suisse debacle???
@seneca983
Жыл бұрын
At what point should they have intervened and how?
@lambertois11
Жыл бұрын
@@seneca983 Clearly you question is a sign of lack perspective! Take a step back and take the time to think!
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