Former Federal Reserve Governor Robert Heller, Solus Alternative Asset Management strategist Dan Greenhaus and Zaye Capital Markets CIO Naeem Aslam discuss the Fed's rate hike trajectory as Credit Suisse instability threatens global markets.
Regulators faced a sense of urgency to push the deal through on Sunday before markets opened Monday, as the specter of Credit Suisse potentially failing next week loomed over the negotiations. Credit Suisse, which has been in business for 167 years, is one of 30 globally systemically important banks which heightened worries about how global financial markets would react to its implosion.
Layoffs are likely, as Credit Suisse had previously pledged to cut 9,000 jobs as part of its restructuring and the bank has investment and local banking divisions that overlap with UBS' operations.
upping offer after getting 9bln in guarantees for losses
Soooo what happens with their swaps? The thing that drove them to where they are.
That's truly what we need more corporate consolidation. 🤬
CreditSuisse shareholders are fucked like those from Silicon_Valley_Bank …. Sure u wanna buy banking stocks? DeutscheBank commerzbank UBS goldmansachs JPMC I know what i am doing on Monday. Sell everything and leave
Wondering how the Bond Holders in each Bank will be treated?
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:
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 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 »
UBS mulls takeover of Credit Suisse with possible Swiss government guaranteesUBS is examining a takeover of Credit Suisse that could see the Swiss government offer a guarantee against the risks involved, said two people with knowledge of the matter on Saturday. Another case solved by the Fed Does Credit Suisse hold a lot of Trump debt?
Source: Reuters - 🏆 2. / 97 Read more »
Credit Suisse faces demise as UBS, Swiss regulators discuss takeoverFuture of 167-year-old Credit Suisse in question amid reports of a takeover by rival UBS as soon as Saturday evening as world economies scramble to prevent another global financial contagion
Source: trtworld - 🏆 101. / 63 Read more »
UBS closing in on deal to buy fellow Swiss bank Credit SuisseSwiss bank UBS Group is closing in on a deal to take over its rival Credit Suisse amid a weekend of frenzied negotiations, according to multiple reports. Dawnsfire Another too big to fail bank is gonna get a lot bigger. I know in the short term this will help stabilize the banking system, but I'm worried about the long term effects of this.
Source: nypost - 🏆 91. / 67 Read more »
Crunch time for Credit Suisse talks as UBS seeks Swiss assurances By Reuters*CRUNCH TIME FOR CREDIT SUISSE AS UBS AND SWISS REGULATORS RUSH TO SEAL TAKEOVER DEAL AS SOON AS SUNDAY: REPORTS 🔥 Why the hurry?
Source: Investingcom - 🏆 450. / 53 Read more »
UBS seeks Swiss backstop in any Credit Suisse deal - Bloomberg News By Reuters*UBS SEEKS SWISS BACKSTOP IN ANY CREDIT SUISSE DEAL $UBS $CS 🇨🇭🇨🇭 💣 Bassam_A_Noor mhelal2 ThePreparedHom1
Source: Investingcom - 🏆 450. / 53 Read more »