UBS offered to pay up more than $2 billion to rescue its troubled Swiss rival Credit Suisse — after initially offering half that, theSwiss regulators are planning emergency changes to regulations so it can avoid a shareholder vote on the deal to speed up the process before markets open on Monday, per the report.
A deal would mean investors' stakes in the bank are close to worthless. Its two biggest shareholders are the Saudi National Bank and the Qatar Investment Authority, which have a combined stake of 17%.was being considered as the only other option to a takeover by UBS if a deal cannot be agreed by late Sunday night, when Asian markets open. The Swiss finance ministry declined to comment to the outlet.
$2 or 1 B , decide
Come on that’s it? Zelensky could have bought it from all the funding that he has received from Biden 🙃
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UBS makes offer for Credit Suisse, bondholder losses consideredAuthorities have been scrambling to rescue the bank, among the world's largest wealth managers, before financial markets open. Its failure would ripple throughout the entire financial system. There’s no way the market will interpret this well. Get ready for another tough and volatile eeek with the Fed on board too. If market tanks Monday and Tuesday, Fed might come in flat. Not sure how this will be interpreted, maybe badly!! GTCost .... like the Irish Donkey.... shy but willing... like an ass eating thistles . Novel suggestion.... not to socialise losses..... or all losses..... capitalism in action!
Source: Reuters - 🏆 2. / 97 Read more »
UBS reaches agreement to buy Credit Suisse after upping offer: reportUBS reportedly reached a deal with Swiss regulators to buy Credit Suisse for $2 billion in a move to prevent the potential collapse of Credit Suisse from roiling markets. Wondering how the Bond Holders in each Bank will be treated? 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 That's truly what we need more corporate consolidation. 🤬
Source: FoxBusiness - 🏆 458. / 53 Read more »
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 »