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peter_tl LJucca Unmack1 aimeedonnellan UBS now twice the size of the Swiss economy. Bit scary. The Credit Suisse zombie is dead But a monster rises instead A giant UBS Wades out of the mess Will the Swiss come to view it with dread?
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Anxious Credit Suisse staff flood recruiters amid UBS sale: reportRecruiters worldwide are inundated with calls from anxious Credit Suisse bankers seeking new jobs amid the UBS takeover, report says
Source: BusinessInsider - 🏆 729. / 51 Read more »
UBS set for talks with Michael Klein to terminate Credit Suisse investment bank deal - FTUBS is set to enter talks with Michael Klein to terminate a deal that would have seen the Wall Street dealmaker take control of much of Credit Suisse's investment bank, the Financial Times reported on Tuesday. How long will you continue to lie to people... The American and European economy is getting incredibly bad. you can't hide it from people... banks are crashing... inflation and interest rates are rising.. people don't trust banks anymore
Source: Reuters - 🏆 2. / 97 Read more »
UBS and Credit Suisse's wealth business merger will be awkwardUBS will become a Swiss wealth behemoth after buying Credit Suisse, but blending the two rivals could get awkward and messy So messy. Bigger banks can fail more bigly.
Source: BusinessInsider - 🏆 729. / 51 Read more »
UBS likely to shrink Credit Suisse's $10 bln shipping portfolio -WSJUBS Group AG will likely shrink Credit Suisse Group's $10 billion shipping portfolio that it inherited as part of its emergency takeover on Sunday, the Wall Street Journal reported on Wednesday.
Source: Reuters - 🏆 2. / 97 Read more »
Banking stocks steady after Credit Suisse rescue as focus turns to FedInvestors stepped cautiously into bank stocks on Tuesday, emboldened by the rescue of Credit Suisse, with share prices tentatively rising in Europe and Asia amid lingering concerns about further damage to credit markets and smaller U.S. lenders. Scam bank If reporting yesterday was true, it wasn't rescued. Instead, $17 billion of bonds designed to convince investors to invest in risky banks was repudiated, and the will of Credit Suisse shareholders was overridden to force a fire sale price.
Source: Reuters - 🏆 2. / 97 Read more »
Credit Suisse bondholders prepare lawsuit after contentious $17 billion writedownA number of Credit Suisse bondholders said they are considering legal action after the $17 billion wipeout of the embattled bank's AT1 bonds.
Source: CNBC - 🏆 12. / 72 Read more »