Digital Soldier (@TheDigitalSoldier)

SWITZERLAND FORCING UBS TO HOLD $27 BILLION MORE IN CASH DUE TO THEIR TAKEOVER OF CREDIT SUISSE AS THE CENTRAL BANK IS AWARE OF THEIR TOXIC HOLDINGS‼️ #CS HAD MASSIVE LOSSES DUE TO ARCHEGOS USING SWAPS DERIVATIVES TO SHORT #GAMESTOP & #AMC 🚩 🚩 🚩 As the prime brokers for Archegos, the losses fell onto CS, eventually collapsing the bank. Now, UBS holds those legacy costs in the form of remaining swaps that must eventually be unwound due to their takeover of Credit Suisse. UBS chairman Colm Kelleher said on Wednesday that he was “seriously concerned” about current discussions that could force the bank to hold much more cash and other liquid assets. “Additional capital is the wrong remedy,” he said. “There can be no regulatory solution for a broken business model,” he continued, referring to Credit Suisse. UBS bought its stricken rival last March in a government-orchestrated rescue aimed at preventing a global financial crisis. “Trust cannot be regulated. It was not too low capital requirements that forced Credit Suisse into the historic weekend rescue,” he added. https://twitter.com/BossBlunts1/status/1783763326129840187