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originally posted by: CrazyFox
a reply to: MetalThunder
Still looking for this one?
I don’t like President Trump (Do I not? Who knows? I have been lied to about him so much for so long, I can‘t tell whether my instinctive aversion is simply the habituated residue of years of being on the receiving end of lies). But I like the liars who are our current gatekeepers, even less.
UBS will take over Credit Suisse in a deal aimed at stemming what was fast becoming a global crisis of confidence.
The US Federal Reserve and several other major central banks announced a coordinated effort Sunday night to boost the flow of US dollars through the global financial system with the aim of keeping credit flowing to households and businesses.
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements," the central banks said in a joint statement.
Sunday's statement came just hours after Swiss authorities orchestrated an emergency takeover of Credit Suisse by UBS. Credit Suisse — one of the 30 most important banks in the global financial system — was bleeding money last week after investor and customer confidence collapsed.
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UBS will take over Credit Suisse, the Swiss National Bank said Sunday.
UBS had been in talks this weekend about buying some or all of its troubled Swiss rival.
Swiss regulators are planning emergency changes to regulations so it can avoid a shareholder vote on the deal
Politico writes that NATO intends to stop Russia if it decides to expand the war beyond Ukraine. Because of this, the Alliance is talking about strengthening its eastern borders and the need to send up to 300,000 troops to the border.