UBS previously put a $1 billion offer on the table on March 18, but the deal was rejected by the Credit Suisse board, FT sources said. The $1 billion offer was a considerable discount under the bank's market value on March 17 of nearly $8 billion,To close the deal, Swiss authorities also agreed to change the country's regulations to bypass a shareholder vote and announce the deal over the weekend, ahead of the markets opening.
Also, as part of the deal, the Swiss National Bank committed to provide over $100 billion in liquidity line to USB. According to the FT, the deal was heavily influenced by the SNB and the Swiss Financial Market Supervisory Authority . United States and European regulators are said to have approved the deal, with coordinated statements to be released later on Sunday.
All in
How they could ignore it?
Also, as part of the deal, the Swiss National Bank has committed to providing over $100 billion in liquidity to UBS, according to reports.
clotba_dao
Get out of this scam. Bitcoin all. If a bad actor (Soros?) would short ubs, Switzerland would die.
It‘s $3B…
Bailouts on top of bailouts but crypto is the shady one right?
If I knew I could get $100 Billion LOC for buying a fire sale priced asset for $2 Billion, I’d take that risk. Every. Time.
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 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 »