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Old 20.08.2008, 13:51
delite1 delite1 is offline
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Re: How Safe is UBS

Thanks for all the responses. I was thinking considerably more thank 30K but that's what a lot of yourselves probably have the accounts for, right?

But back to the point and original question, it seems in Britain, as if a lot of the UK press has enjoyed watching UBS getting their fingers burnt so I may have been influenced by reading unbiased opinion, but I got to thinking that ,despite the writedowns, largely UBS have repaired their balance sheet to a degree via the foriegn investors and the rights issue/s. It is very comforting to hear ,from some of you, that in your opinion savings in UBS are about as safe as they can be and I have always felt that the Swiss authorities surely would not watch this institution fail. Do you think my confidence is mis-placed?
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