Credit Suisse bought out by UBS as banking fears claim big victim

  • 📰 axios
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

UBS has struck a deal to purchase troubled Credit Suisse for $2 billion, the Financial Times reported on Sunday, as a maelstrom of higher interest rates and bank solvency fears continue to batter global markets.

: A jittery Wall Street has pummeled bank stocks over the last few weeks, with some nervous that another worldwide liquidity crisis could be in the offing.

However, Capital Economics wrote in a note on Friday that "more problems may yet emerge at other commercial banks in the US. But the industry there as a whole doesn’t have a worryingly high uninsured deposit ratio or unrealized losses on 'held-to-maturity' securities in excess of capital." "And if more skeletons do emerge from the closet, this is more likely to be the case for banks that have been relatively lightly regulated because they pose less of a risk to the economy," the firm added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 302. in LOANS

Loans Loans Latest News, Loans Loans Headlines

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

UBS in discussions to buy Credit Suisse: reportUBS Group AG is in talks to buy all or parts of Credit Suisse, with their boards meeting separately over the weekend, the Financial Times reported late Friday. I wonder if anyone trusts the swiss banking sector anymore. its ironic how the new generation swiss bankers destroyed all the trust that have been built for decades by the swiss ancients
Source: MarketWatch - 🏆 3. / 97 Read more »

Credit Suisse meets to weigh options, under pressure to merge with UBSCredit Suisse Group AG began a make-or-break weekend after some rivals grew cautious in their dealings with the bank as regulators urged it to pursue a deal with Swiss rival UBS AG . The best way to poison pill UBS. I just got a pen from credit suisse and it's closing down already
Source: Reuters - 🏆 2. / 97 Read more »

UBS in talks to buy troubled Credit Suisse, FT reportsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »

UBS in talks to acquire Credit Suisse -FT By Reuters*UBS IN TALKS TO TAKE OVER ALL OR PART OF CREDIT SUISSE AS SHARE PRICES FALL $UBS $CS 🇨🇭🇨🇭 The pressure of the swiss governement on ubs becomes too high Told them to close all the toxic swap short position first! 1) What
Source: Investingcom - 🏆 450. / 53 Read more »

Credit Suisse under pressure to merge with UBSCredit Suisse Group AG began a make-or-break weekend after some rivals grew cautious in their dealings with the bank and regulators urged it to pursue a deal with Swiss rival UBS AG .
Source: Reuters - 🏆 2. / 97 Read more »

UBS seeks Swiss backstop in any Credit Suisse deal - Bloomberg NewsUBS Group AG is asking the Swiss government for a backstop if it were to buy Credit Suisse Group AG , Bloomberg News reported on Saturday. I don’t blame them. Rollercoaster ride ahead 你骗我骗大家骗! 瑞银看到瑞信可以从央行奶妈那里可以骗到500亿, 你可以骗,我也可以骗的, 不然,下一次点爆雷导火索的就是我瑞银了,而且搞不好就不是缺缺500亿,而是5000亿才能打招呼了! 世上最赚钱的行业,现在却要奶妈大口大口的喂? 到底是中国恒大恒二们做了你们的师父,还是你们才是师父?
Source: Reuters - 🏆 2. / 97 Read more »