Victim of Blackmailing Scouser
Join Date: Aug 2000
Location: Zürich, Switzerland (But a Brit)
Age: 59
Posts: 113
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Hooking Fell,
I've already stated that CS's exposure to Swissair is suspiciously low. My guess is that their exposure six months ago was much, much higher. Under those circumstances, it's normal practice to ensure that the applecart remains upright while slowly and discretely offloading debt and shares.
There's no doubt that CS was broadcasting either a 'hold' or a 'buy', but that doesn't mean that the internal investment departments were responding!
As regards UBS's 'evil plot', I stand by my cock-up theory. The internal processes of these banks are pathetic.
TW