Zero reporting on this: UBS CEO says private buyer preferred outcome in case of rescue

 https://www.reuters.com/business/finance/ubs-ceo-private-buyer-preferred-outcome-case-rescue-2023-11-22/

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 speaking about a resolution of the bank and its very unlikely risk of a loss for the taxpayer," Sergio Ermotti said.

Would UBS need to be rescued, Ermotti said a private buyer would continue to be preferable.

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Looks like a Cockroach entered the room and its making cricket sounds.