UK regulators back merger of banking giants Credit Suisse and UBS

Sunday 19 March 2023 10:23, UK

British banking watchdogs have given their blessing to a takeover of Credit Suisse by its Swiss peer UBS, as financial regulators around the world race to contain the industry's biggest crisis since 2008.has indicated to international counterparts and to UBS that it will support the emergency transaction, which both European banking giants want to announce later on Sunday.

Although Credit Suisse has a market capitalisation of just $8bn - down from close to $100bn at its 2007 peak - fears for its future have sent shockwaves through financial markets across the world. Its vast investment bank balance sheet is reported to represent a stumbling block in the talks with UBS, and the precise structure of a deal remained unclear on Sunday morning.

But I don’t understand

Does that mean British taxpayers will be baling out the banks again?

14 years on and banks keep going bust and governments keep enabling their bonuses. Something has to change!

Exactly 👇

PEOWWWW $EURUSD ROCKET TIME, back on course for short term top test. All planned, all this shit.

Of course they have .. they're trying to stave of a total collapse of the banking system.

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UBS in talks to acquire Credit Suisse\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t ⚡️ Problem is there are like several more banks that are going to need help. The big banks cannot step in for all of them . . . Missing words might be; Asked, forced, convinced, urged, advised.. What’s in CS for UBS other than overlapped business areas?
Source: FT - 🏆 113. / 51 Read more »

UBS and regulators rush to seal Credit Suisse takeover deal\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t UBSuisse DebitSuisse So within 10 hours FT said that 1. UBS is buying CS 2. Blackrock is buying CS 3. Deutsche Bank is buying CS Oh and that FINMA is forcing UBS to merge with CS. Which one is it? High quality journalism
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Credit Suisse bank: UBS said to be in takeover talks with troubled rivalEmergency talks are reported in Zurich as regulators seek a deal for Credit Suisse before Monday. Am I sensing a loss of scruples? How many banks have been operating on sketchy + risky levels?
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European bank stock rally fades as Credit Suisse shares fall\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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Markets still uncertain after SVB and Credit Suisse shocksConcerns abound as the FTSE is on course to be down in the week overall and questions swirl around strategically important banks rescuing First Republic Bank. Crypto is still not a real value. who is this news for exactly? is it only meant to instill fear in a public which has absolutely no power to change what titans of corporate banking do, or is it to cause an even greater run on the individual retail level? who does this help?
Source: SkyNews - 🏆 35. / 67 Read more »

Ulrich Körner, the man trying to hold Credit Suisse together\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t UBS plays smartass.
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