UBS will take over Credit Suisse, Swiss president says | CBC News

The Associated PressThe logos of the Swiss banks Credit Suisse and UBS are displayed at Paradeplatz in Zurich, Switzerland on Sunday.Berset, who did not specify a value of the deal, called the announcement "one of great breadth for the stability of international finance. An uncontrolled collapse of Credit Suisse would lead to incalculable consequences for the country and the international financial system.

The Swiss central bank will supply substantial liquidity to the merged bank, it said at a news conference in the Swiss capital, Bern. It said the deal includes 100 billion Swiss francs in liquidity assistance for UBS and Credit Suisse. News of the deal caps a highly volatile week for Credit Suisse, most notably on Wednesday when its shares plunged to a record low after its largest investor, the Saudi National Bank, said it wouldn't invest any more money into the bank to avoid tripping regulations that would kick in if its stake rose about 10 per cent.

The illuminated logo of Swiss bank Credit Suisse is seen behind a clock at the banks headquarters at Paradeplatz in Zurich, Switzerland on Saturday, March 18, 2023.

DEI helping to ruin another business.

This is by design. Large banks taking over smaller banks until there's only 1 bank controlled by a centralized system (ie: govt). A high tech method to circumvent democracy.

...something is telling me to pull my nothing out of my non-existent savings account right now and just wait for a follow-up to The Big Short to be written.

2 more banks will fail tomorrow

A lot of big banks going under lately.

The Swiss should seize and liquidate all the ill gotten Russian Oligarchs secret accounts. That would fund the bailout

Ok, the banks need to stop all suspect lending. Ridiculous!

And who's going to rescue the taxpayers that are paying for this bailout! The taxpayers are starting to dry up! The middle class the 500 million educated slaves that are not working anymore or not contributing to the tax system soon

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Banking giant UBS is acquiring smaller rival Credit SuisseBanking giant UBS is buying its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night. DEI conteracts efficient productive businesses. So UBS gets $100B from the central bank to buy Credit Suisse? Move along folks, nothing to see here. The banking system is just fine.
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U.S. authorities weighing in on possible Credit Suisse-UBS deal, media report saysU.S. officials might seek to weigh in on matters which can impact the finals terms of the deal between the banks, according to the report
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UBS offers to buy Credit Suisse for up to $1-billion, media report saysSwiss government planning to change the country’s laws to bypass a shareholder vote on the transaction, according to report The freaking free market as safe as a bank. As the stench of this garbage permeates the entire world-AGAIN- we are being subjected to 24/7 commies under our bed news from RobertFife and Oh and Trudeau put them there.
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UBS offers to buy crisis-stricken Credit Suisse for up to US$1-billion, reports sayA deal could be announced Sunday evening, as regulators seek an agreement before markets open in a bid to avert another selloff Is this deal not contingent on the Swiss Government taking on all of the billions in liabilities and lawsuit liabilities owned by Credit Suisse? And was not UBS being forced to take this on?
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Troubled Credit Suisse said to push back against UBS’s $1 billion offerUBS is offering to buy Credit Suisse for as much as US$1 billion, which the troubled Swiss firm says is too low, say sources. Read on
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Troubled Credit Suisse said to push back against UBS’s $1 billion offerUBS is offering to buy Credit Suisse for as much as US$1 billion, which the troubled Swiss firm says is too low, say sources. Read on
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