Thread: Financial Crisis Bank News [was: How Safe is UBS?]
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Old 16.09.2008, 17:34
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Re: Should I remove my cash from UBS?
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smbuzby
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With all the advertised doom and gloom, shares plummeting etc, should one be worried about one's cash in, say UBS? I understand there is a certain limit that is prtected under law......
Funny that you ask this question now. I just transferred most of my cash from UBS to Kantonalbank 2 minutes ago.

Do I believe that UBS could go bust? No, I don't. Would I have believed that Lehman and AIG could go bust and Merrill would be bought by Bank America 4 weeks ago? No, I wouldn't. Somehow, I just feel better now.

UBS stock is down around 30% since yesterday - worse hit than many other financials which is not a good sign (the market is usually quite intelligent).
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