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Breakingviews peter_tl LJucca Unmack1 aimeedonnellan More people are familiar with CS than with UBS. Media hype.... How strange.
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Credit Suisse rescue sends shockwaves far and wide by ViewsroomThe ailing Swiss lender was saved by UBS with a $3 bln takeover. In this Viewsroom podcast, Breakingviews columnists debate why the deal pushes up bank funding costs, how the new mega-lender affects Switzerland’s financial system, and why bank deposits are becoming less reliable. 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?
Source: Breakingviews - 🏆 470. / 51 Read more »
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 »
Credit Suisse's gold bars, hats and bags are cropping up in online stores | CNN BusinessHats, bags and gold bars emblazoned with Credit Suisse’s logo are being sold on resale sites, having popped up mere hours after the 167-year-old bank was saved from collapse by rival UBS. Oooo, failed bank swag
Source: CNN - 🏆 4. / 95 Read more »