UBS offered to pay up more than $2 billion to rescue its troubled Swiss rival Credit Suisse — after initially offering half that, theSwiss regulators are planning emergency changes to regulations so it can avoid a shareholder vote on the deal to speed up the process before markets open on Monday, per the report.
A deal would mean investors' stakes in the bank are close to worthless. Its two biggest shareholders are the Saudi National Bank and the Qatar Investment Authority, which have a combined stake of 17%.was being considered as the only other option to a takeover by UBS if a deal cannot be agreed by late Sunday night, when Asian markets open. The Swiss finance ministry declined to comment to the outlet.
$2 or 1 B , decide
Come on that’s it? Zelensky could have bought it from all the funding that he has received from Biden 🙃
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UBS makes offer for Credit Suisse, bondholder losses consideredAuthorities have been scrambling to rescue the bank, among the world's largest wealth managers, before financial markets open. Its failure would ripple throughout the entire financial system. There’s no way the market will interpret this well. Get ready for another tough and volatile eeek with the Fed on board too. If market tanks Monday and Tuesday, Fed might come in flat. Not sure how this will be interpreted, maybe badly!! GTCost .... like the Irish Donkey.... shy but willing... like an ass eating thistles . Novel suggestion.... not to socialise losses..... or all losses..... capitalism in action!
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UBS reaches agreement to buy Credit Suisse after upping offer: reportUBS reportedly reached a deal with Swiss regulators to buy Credit Suisse for $2 billion in a move to prevent the potential collapse of Credit Suisse from roiling markets. Wondering how the Bond Holders in each Bank will be treated? CreditSuisse shareholders are fucked like those from Silicon_Valley_Bank …. Sure u wanna buy banking stocks? DeutscheBank commerzbank UBS goldmansachs JPMC I know what i am doing on Monday. Sell everything and leave That's truly what we need more corporate consolidation. 🤬
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UBS in talks to buy troubled Credit Suisse, FT reportsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
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