UBS to purchase Credit Suisse amid fallout from U.S. bank collapses

The historic deal comes as major financial institutions continue to grapple with the fallout from the sudden collapse of Silicon Valley Bank earlier this month, and work to stave off a broader crisis.

At a news conference held Sunday afternoon to discuss the emergency purchase, Karin Keller-Sutter, president of FINMA, said"Switzerland has to take responsibilities beyond its own borders," and added that the deal was reached in an effort to avoid"irreparable economic turmoil in Switzerland and throughout the world." Keller-Sutter said the purchase"laid the foundations for greater stability both in Switzerland and internationally.

The pledges of emergency funding on Thursday briefly interrupted what had been ongoing downturns in both banks' stocks, which resumed the following day. On Friday, Credit Suisse's share price slipped 7% and ended the day at $2.01.Frank Augstein / AP "This additional liquidity would support Credit Suisse's core businesses and clients as Credit Suisse takes the necessary steps to create a simpler and more focused bank built around client needs," said Credit Suisse in a statement at the time.

The whole global banking system is crashing! What you going to do. Who you going to blame. Who you going take anger out on?

This is a good start to fighting inflation and other economic crimes from the Biden family. Could be good to also send the army in to be sure the leftists in Silicon Valley don’t rob us all blind any more though

It is the Asian Community. They are using your money to buy the United States! They have been paying for a war that was not Untied States falt!

US banks did not collaps they are doing a takeover of the government! It's the same people that did 911. They are in congress right now! They are all traders the United States. They used black people to rob the banks! Tell them to give the money back and the banks will be open!

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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
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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.
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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
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Credit Suisse 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 and regulators urged it to pursue a deal with Swiss rival UBS AG .
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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？
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