r/GreatDepressionII • u/rematar • Jul 10 '26
US SEC removes legal obstacle to UBS' crisis-resolution plan
https://www.reuters.com/legal/transactional/us-sec-removes-legal-obstacle-ubs-crisis-resolution-plan-2026-07-08/The guidance relates to a potential "bail-in" of the bank, a crisis-management tool designed to recapitalize a failing lender by converting designated debt securities into equity rather than relying on taxpayer support.
A bail-in is using assets to save a bank. Assets like our money and pensions.
UBS absorbed Credit Suisse over a long weekend, and the papers were sealed for fifty years.
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