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UBS Agrees to Buy Credit Suisse for More Than $2 Billion

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Breaking: UBS finalized a deal to buy rival Credit Suisse, the first takeover of a globally important bank since the 2008 financial crisis

Under the deal being discussed, UBS would only keep parts of Credit Suisse’s investment bank that fill gaps either geographically or in certain product areas where UBS lacks a presence.

 

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And Ryan Mason will be unveiled as the new CEO before the markets open:) coys

snake eats snake

The Swiss giant has broken the motor and has an oil leak.

There are Friday news dumps ... and then there are EL CLÁSICO NEWS DUMPS.

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UBS agrees to buy Credit Suisse as regulators look to shore up the global banking systemCredit Suisse had already been battling a string of losses and scandals, and the last two weeks sentiment was rocked again. Wow, now it begins. Talk about making matters worse This will bring down UBS The regulators, ha! Someone give them a prize!
Source: CNBC - 🏆 12. / 72 Read more »