REPORTS CLAIM UBS BANK IN SWITZERLAND "COLLAPSED"

Reports are coming in from Europe at this late hour CLAIMING . . . . repeat CLAIMING . . .  UBS (bank) "has collapsed."

Unable to corroborate this information right now - heading onto my nightly radio show, but . . . . 

Credit Default Swaps which insure if UBS Defaults, are now SKYROCKETING in price as shown on the chart above!

UPDATE 11:28 PM EDT --

UBS CEO: SWITZERLAND NEEDS A PUBLIC LIQUIDITY BACKSTOP

— First Squawk (@FirstSquawk) November 22, 2023

@Prolotario1

UBS has collapsed

The U.S. banks have collapsed.

They do indeed have to delete the collateral or the global banking system implodes.

As I said in my 10:15pm tweet last night

Here is the confirmation in this tweet.

And from @DarioCpx tweet

— MikeCristo8 (@MikeCristo8) November 22, 2023

🤔🤔🤔

ZURICH, Nov 22 (Reuters) - UBS is one of the world’s safest large institutions, the Swiss bank's CEO said while speaking at a Swiss Risk Association event on Wednesday.
"Even in the unlikely event of something going wrong at UBS, we have enough cushion before even… pic.twitter.com/XflhUoPQlX

— Boone Cutler 🦅 🇺🇸 🦬 (@boonecutler) November 22, 2023

Reuters Related News Link HERE