stacksatsio on Nostr: “At around $1.7 trillion, UBS's balance sheet is double the size of annual Swiss ...

“At around $1.7 trillion, UBS's balance sheet is double the size of annual Swiss economic output, giving the bank exceptional weight for a major economy.”

lol holy fuck 🤯

For centuries the Swiss managed to remain neutral and sovereign, became the trusted hub of European money, and fukt it all up to save a failed bank after a few decades of fiat..

What a shitshow

https://www.reuters.com/markets/europe/former-swiss-finance-minister-warns-about-size-enlarged-ubs-newspaper-says-2025-01-11/