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Old 06.10.2008, 23:45
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Lynn88 Lynn88 is offline
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Re: How Safe is UBS

Last Thursday we had a meeting with our agent (banker?) from UBS. He came to see us along with two lawyers from the bank. We talked for a couple of hours about different issues and of course, I brought up my concern about the state of UBS. They assured me that everything was OK and that the financial crisis was behind them.

Then of Friday, UBS laid off another 2,000 employees. I really don't know what to believe.

We are in the middle of selling our business in the US - good timing, I know! CHF is going up while the dollar is falling, it feels like the whole world is conspiring against us.

Thank you everyone for all the useful info. Poor Iceland! My Goodness!
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