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	Podcast:		First Move with Julia Chatterley
	Episode:		Featured interview: Ethos Foundation CEO Vincent Kaufmann
	Category:		Society & Culture
	Duration:		00:46:18
	Publish Date:		2023-03-20 14:33:15
	Description:		It was another remarkable weekend in the global banking sector, as Switzerland's biggest bank, UBS, agreed to buy its ailing rival Credit Suisse in an emergency deal worth $3.2 billion. Credit Suisse shareholders will be largely wiped out, although shares will retain a fraction of their value. The same cannot be said of owners of $17 billion worth of additional tier one bonds -- they will lose everything. Joining the show to discuss is Vincent Kaufmann, the CEO of Ethos Foundation, a holder of more than 3% of Credit Suisse stock. Ethos is composed of 246 Swiss pensions and public utility foundations. To learn more about how CNN protects listener privacy, visit cnn.com/privacy
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