UBS & Deutsche Bank going down

UBS fires left and right and center – Clients bring cash home and tax evasion is dead – useless swiss bankers no longer needed – 25% headcount reduction in CH

insideparadeplatz.ch/2020/01/30/abbau-ubs-ganze-etagen-leergefegt/

Deutsche Bank brings down headcount from 100,000 to 75,000 , also a 25% reduction – reporting 6b loss for 2019 again and no light at end of the tunnel , especially not on derivatives book of 50trillion

FED must continue repo beyond APril 2020 to stabilize them and others , everything f*cked up

 

AC