abc.net.au/news/ubs-backed-by-swiss-authorities-take-over-credit-suisse/102118096UBS will take over Credit Suisse, Swiss authorities said on Sunday , to help rescue the embattled lender.Switzerland's regulator FINMA said that there was a risk that Credit Suisse could have become "illiquid, even if it remained solvent, and it was necessary for the authorities to take action".
"With the takeover of Credit Suisse by UBS, a solution has been found to secure financial stability and protect the Swiss economy in this exceptional situation," the Swiss central bank and other authorities said. "An uncontrolled collapse of Credit Suisse would lead to incalculable consequences for the country and the international financial system," Mr Berset said.
Dr. Doom Mark Faber from Switzerland should know what happened with CreditSuisse
Just reshuffling the bad debt and trying to make it seem as though the whole financial system isn't just a Ponzi scheme. Next steps are financial system crisis, then a distraction for a war
Why? They want to take on all their debts? 🤷♂️
How will UBS will manage without the insights of this Credit Suisse director who has made the company what it is today?
Looks like they made a big mistake trying to go woke. Go woke, go broke.
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UBS explores takeover of embattled Credit SuisseSwiss officials are pushing UBS Group to consider an acquisition of all or parts of Credit Suisse, after a rout in its smaller rival sent shock waves across the global financial system this week.
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UBS in talks to buy embattled Credit Suisse, FT saysUBS Group is in discussions to take over all or part of Credit Suisse after an emergency funding lifeline failed to restore investor confidence in the smaller Swiss bank.
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Why the Credit Suisse-UBS deal simply must get doneGlobal markets can’t afford for the takeover talks between UBS and stricken Swiss rival Credit Suisse to fail. i kNoW! lEts cReaTe aN eVeN biGgEr gLoBaL mOnStEr tHaT iS tOo biG tO fAiL! gEniUs!
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