A bank losing all its income and going down in a criminal probe into a coke dealer. It'd be a good SNL skit if there weren't so many lives on the line.
It's amazing a bonus pool exists at all.
https://www.reuters.com/business/finance/court-convicts-cred...
"A former employee was found guilty of money-laundering in the trial, which included testimony on murders and cash stuffed into suitcases [...]"
Whew!
https://www.reuters.com/business/finance/swiss-govt-proposes...
Unlikely. The article describes a lender-of-last-resort mechanism more than a bail-out [1]. It comports with the EU's ELA [2]. It's an exorbitant privilege, for sure, but not TBTF.
[1] https://www.efd.admin.ch/efd/en/home/the-fdf/nsb-news_list.m...
[2] https://www.ecb.europa.eu/pub/pdf/other/ecb.agreementemergen...
Depends on the circumstances. If they manage to take someone else (read: UBS) down with them, probably. If they blow up on their lonesome, probably not.
A merger with UBS was mooted once. Now it looks more likely UBS is waiting for it to fall completely and pick up the good bits on the cheap.
#1 rule of banking: never get high off your own supply.