Entrepreneur Oleg Deripaska on the Telegram channel WroteHe said that UBS is also likely to fall after Credit Suisse due to Switzerland’s move away from its neutrality policy.
“I’m afraid they just won’t suffocate a Credit Suisse apparently and UBS will go downhill. Will it teach them anything? I think these too. Already, I think we will soon see more neutrality in the speeches of politicians and the actions of already closed banking institutions,” Deripaska said.
According to him, Switzerland has remained neutral to everything and accumulated funds for hundreds of years. However, in recent years, it has started to follow an active sanctions policy with the decree of the USA.
He added that the acquisition of Credit Suisse by UBS could not stop the banking crisis. All this is due to the high rates of the Federal Reserve System, which has made it very difficult to pay off the already huge US debt of more than $32 trillion.
March 14 Deripaska declarationThe bankruptcy of Silicon Valley Bank, the largest regional bank in the USA, would indeed have been a “big event” had it not been for two problems that the United States had not yet felt serious about.