UBS offers to buy Credit Suisse for up to $1bn

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Gee, I wonder Why CREDIT SUISSE Bank failed

CreditSuisse 4th qtr loss 1.5 billion $ stock down 97% in 5 years chance of 40% default. SBI 1.8 billion $ profit last qtr and stock up by 230% in last 5 years. Irony is former giving sell report on the later

Damn it's almost like by rewarding banks that were too big to fail the government didn't disincentivize their behavior. Sounds like they're the ones who need some neoliberal means testing and behavior modification penalties

The greatest mistake ever done by Credit Suisse was prematurely dismissing Tidjane Tiam

In 🇨🇭 banks, authorities and the gov. are advising on the rescue of the ailing major bank Credit Suisse. It is one of the most important fin. institutions worldwide. If the no. two of the Swiss goes up against the wall, this would have consequences for mil. of savers + investors.

Wow. The blood bath has started. This is gonna be fun 🤣

سلملي على القصمان بالاستثمار في مقدمتهم الراجحي 🇸🇦

UBS offers to buy CreditSuisse for $1bn in an all-share deal priced at SFr0.25 a share, with Swiss authorities planning to bypass a shareholder vote to finalize the deal before Monday. The terms of the agreement are being heavily influenced by the Swiss National Bank and…

It’s a contagion effect. After SVB we all knew what’s next. Acquiring credit Suisse despite injecting liquidity will be a move worth watching !

CS better takes the deal since the next offer will not be much higher with all the potential risks. As they say 'beggars can't be choosers'. Sad moment.

Why do competition watchdogs still care about banks? Banks do not seek power play, they seek self destruction.

TWENTY SEVEN CENTS PER SHARE!!!🤣🤣🤣 Can you say 'TOXIC SWAPS'? I can🦍AMC

UBS making the deal of the decade

Friday's close at 2 bucks, Credit Suisse had an 8 billion market cap. Today they're being bought for 1 billion. But hey look at their awesome ESG score! GoWokeGoBroke trading BankingCrisis

buybitcoin

If as is being reported Swiss change law to support purchase is this a moral hazard and market failure ? gilliantett

Haha looks like a good deal 😉

its a shot gun marriage in a failed system. Global South isn't going to bail out GFC2 .

يعني نصيب البنك الأهلي من صفقته أصبح 365 مليون ريال سعودي! بعد استثمار 5500 مليون ريال سعودي (5.5 مليار) خلال ثلاثة أشهر فقط ماعتقد في أحد بالسعودية كان سعيد بهذي الصفقة وطلعوا جميعهم صادقين وعندهم نظر 🤷🏻‍♂️

UBS after this deal is too big to be rescued by the rich but small Swiss Government and National bank. Avoid...

Wouldn’t it be smarter to put it up on eBay? I’m sure some billionaires would bid on it. ¯\\_(ツ)_/¯

you've been lying to people about the economy for years...they didn't tell the truth for once....believe me, the American economy is going bad...banks are failing..inflation is rising..destruction is coming

MarkusGuerne KordikHanna guenschl SusanneSCHAFFE2 GuntherSchnabl FranzSchellhorn

🎯🗝️

UBS has financial problems and therefore it cannot alone but CS..!!

Credit Suisse is worth 7.5B as of Friday. UBS say it's basically worth 1B = nothing

Gunshot wedding. There's no choice

95% haircut. oof indeed

$CS thinks they have a damn choice?

Great! We are waiting also for the news about arrests and other measures to punish the mismanagement of all these failing banks which pose a direct threat to the livelihood of billions.

How is it possible for a government to change the law to bypass shareholders vote? CreditSuisse UBS

that 1 billion will come out of the central bank, along with other billions to cover the hole 👌👏👏👏 👮‍♀️ Bitcoin Bitcoin2023

Jackastapleton

Shotgun marriages tend to end in ….. 😭

$1 billion fraction of Friday’s closing price. Then again down 99% vs. 90% is not material. But SNB bypassing classic governance by not allowing UBS board to vote on merger is a whole new paradigm and sends a message that the authorities are able to change the rules at will.

UBS against the clock in Credit Suisse takeover talks .

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Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: FT - 🏆 113. / 51 Read more »

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?
Source: BBCNews - 🏆 3. / 97 Read more »

UK regulators back merger of banking giants Credit Suisse and UBSThe Bank of England has told its Swiss counterpart and the country's two biggest banks that it will not object to an emergency merger, Sky News understands. Of course they have .. they're trying to stave of a total collapse of the banking system. PEOWWWW $EURUSD ROCKET TIME, back on course for short term top test. All planned, all this shit. Exactly 👇
Source: SkyNews - 🏆 35. / 67 Read more »

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 »

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.
Source: ftenergy - 🏆 47. / 63 Read more »