Swiss bailout of UBS

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Uploaded by on Oct 16, 2008

Panel 1
More market turmoil
Swiss bailout of UBS
Bad bank set up
Credit Suisse raises cash
US$10 bln from 3 investors

Panel 2
Run on Russian bank Globex
South Korean won fell 10%
S&P warns of downgrades
Foreign currency funding woes

Panel 2
IMF bails out Ukraine
ECB bails out Hungary
Baltic Dry Index falls 10%
Down 50% in two weeks
Global trade suffering




Panel 3
Dow up 2.5% in late trade
Oil under US$70 a barrel
With NZ$ at 61USc
Regular should be NZ$1.74/ltr
Currently at NZ$1.88
Margins 10c above normal

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All Comments (3)

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  • Switzerland are full of retards

  • I was looking for news on the swiss bank to reveal names of tax evaders....went ahead and subscribed...good work!

  • I really appreciate this channel! Thanks for the steady updates and interesting financial news!

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