with Swiss regulators playing a key part in the deal as governments looked to stem a contagion that threatening the global banking system.
The UBS deal was rushed together before markets reopened for trading Monday after Credit Suisse shares logged their Despite regulators' involvement in the pairing, the deal gives UBS autonomy to run the acquired assets as it sees fit, which could mean significant job cuts, sources told CNBC's David Faber.
credit Suisse write down 17 billion in bonds. Are you serious? More like Dr. Suisse meets reality.
Stock up on gold, food, and ammo.
Where’s Mike Mayo? Funny how he’s MIA during a banking crisis!
We kicked the can in 2008 so we get to try it all over again. Seems like it’ll run like this again:
SenWarren wants higher reserves held by Banks will work well in combating inflation. With less money being able to be lended there cause a contraction in the economy.
So does this mean cNBC will bring out the 'Bull Market' story again. Until the next failure and then they bring back out the 'We are Doomed' story They usually have a couple of each ready at all times Very insightful LOLOLOL
Your tweet has been Juste-ified! UBS agrees to purchase Credit Suisse as regulators seek to fortify the global banking system.
Right.. now thay Biden is in office - we’re just shoring up things…. Should be interesting to see April 09 all over again.
dirk_hoekstra How to build an empire.. koop je concurrent voor een appel en een ei.
There still will be a selloff of bank stocks StockMarket
The regulators, ha! Someone give them a prize!
Wow, now it begins. Talk about making matters worse
This will bring down UBS
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