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UBS Union Bank of Switzerland clients withdraw 140 Billion SWISS FRANCS
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Topic: UBS Union Bank of Switzerland clients withdraw 140 Billion SWISS FRANCS (Read 559 times)
Biggs
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UBS Union Bank of Switzerland clients withdraw 140 Billion SWISS FRANCS
«
on:
November 05, 2008, 06:46:50 AM »
article translated from Swiss German
A STRONG SIGNAL: UBS Union Bank of Switzerland clients withdraw 140 Billion SWISS FRANCS !!!
Posted By: gigi <Send E-Mail>
Date: Tuesday, 4 November 2008, 11:31 a.m.
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=135164
After long silence, the UBS today had to admit that clients of the Bank have withdrawn this year 140 Billion Swiss Francs = 130 Billlion Dollars. Profiteers of these movements were State and Private Banks. The escape from UBS did not even stop after the Swiss Confederation granted UBS a package in total of 68 Billion Swiss Francs, an unqiue transaction in history. People simply don't trust the siuation anymore !! Who wants to understand, does it, the others will stay soon in front of a closed Bank.
gigi
link to an article:
http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/UBS-verliert-erneut-massenweise-Kunden/story/14914885
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