gloss
Even Raiffeisen VIP customer Hausileuteegger has CS shares – which pleases climate activists
Mosttröpfli: In Thurgau people keep up with the times. Here, too, two banks are merging into one megabank. But this merger is a bit out of the ordinary: neither of the two financial institutions went bankrupt.
Hausileutegger at the laying of the foundation stone for the Raiffeisenbank in Turbenthal.
The financial sector is currently making waves. One has now spilled onto Lake Constance. Now Thurgau also has its mega fusion. With the merger of the Raiffeisen banks in Tägerwilen and Altnau, one of the largest Raiffeisen banks was created in Kreuzlingen – in keeping with the spirit of the times. But this merger is still out of the ordinary: Neither of the two banks needs to be rescued because they are bankrupt. And the affected shareholders can even vote on the planned merger – how old-fashioned.
Silvan Mile, editor of the Thurgauer Zeitung.
Not so at Credit Suisse. The shareholders have nothing to report there. Emergency takeover, hangover mood. Even Raiffeisen VIP customer Hausi Leutenegger is now sitting on a pile of worthless CS shares. The self-made millionaire says he could have bought a Porsche with the money he lost. After all, the climate activists are happy about it.
Of course, the takeover of Credit Suisse by UBS is also unpleasant for tennis legend Roger Federer. For as long as anyone can remember, King Roger has been the brand ambassador of the now bankrupt bank. He must have shed a tear. We all know that Federer is building his villa in Rapperswil very close to the water.
