UBS Offers $1 Billion to Buy Credit Suisse

The discussions are part of urgent effort by Swiss and global authorities to restore trust in banking system 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.

The Swiss gov should bailout Credit Suiss instead of by passing shareholders to push the $3b deal through. Switzerland has thrived on their banking industry. Now it is time to pay back. Otherwise, the whole Swiss banking system will have no more credit to international investors

Big banks will continue to swallow up smaller banks after every economic crisis. We will get less choice and more monopolistic control when they eventually force us onto digital currency. Sounds like everything is going according to WEF's plans.

Clearly UBS isn’t interested and just throwing shade at Credit_Suisse or Credit_Suisse clearly has some real problems under the hood that UBS knows will take several Billions to correct.

As planned

How does trust gets restored, when a bank offers a to buy a bank mediated by a bigger bank at 99.6% discount on peak valuations.

to restore trust ? by wiping 7 - 8 bill im mc overnight.. this is insanne. if cs books are that bad according to ubs.. then heck.. who is nex

?

Just a speed bump on the road of decline.

they tried to hit Russian economy but boomerang hits them. Karma 😂😂😂

Shit happens. Sad part is it is always wiped with common people money. The ultra rich and wealthy never breaks a sweat. Faith can be restored only proper steps are taken to mitigate these risks.

Old news… 😅😅 CreditSuisse says no… 🤪 20min

I thought everything was peaches

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