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It seems the best UBS could muster up was a little over 0.50¢/share!
It is likely that Credit Suisse was going to have to file for bankruptcy tomorrow morning, or possibly even tonight, for Central Banks to rush this kind of Bear-Stearns-esque shotgun marriage. This was an extremely slow bleed out, as anyone with two brain cells could see Credit Suisse was the worst one of the bunch.
By no means does this mean the banking system is out of the water just yet. There are literally hundreds of banks, plus a handful of broker dealers who could see bank and broker runs in the next unknown crisis.
Remember this is a game of "con-fidence" to them, Silver and Gold are money, everything else is credit, and most investments are derivatives held by broker-dealers who really own the assets, not you! Just like the banks own the assets - when you deposit with a bank, you become the liability to them! And both rehypothecate your Federal Reserve Fiat notes and common stock shares, so they can earn extra returns to pay out those big bonuses!
https://twitter.com/GRDecter/status/1637501820049186818?t=QwqH2rjxL4M54ZzKr65bPA&s=19
@familyman20181
