[Daily Mail, where America gets its news] It is the fiduciary duty of the boss class to take the time to do due diligence. If they did not dig in their heels long enough to do so, that’s a fireable offense.
UBS said it had less than four days to conduct due diligence for the deal
UBS reckons it will take a $17bn hit after snapping up Credit Suisse
Posted by Skidmark 2023-05-18 00:45||
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#1 Rushed?
Or pushed?
Is seems to me that non-woke solvent banks always have the debts of woke bankrupt banks that are in the business of social change, the debts for this activism always gets dumped onto the solvent banks. Too big to fail - they re called.
Posted by mossomo 2023-05-18 12:54||
2023-05-18 12:54||
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#2 It's a bank forfokssake. Everything should be documented in excruciating detail in a computerized manner.
The banks and the auditing firms have conspired to create a mess that not even they can unravel.
Posted by M. Murcek 2023-05-18 12:58||
2023-05-18 12:58||
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