But combining Credit Suisse into UBS could take much longer, potentially months, because the deal needs approval from regulators in tens of countries, the people said, seeking anonymity given the sensitivity of the matter."UBS has made a full commitment to the takeover of Credit Suisse...
Asked for more precise details on when the deal could close at the same media conference, the vice chairman declined to comment. The longer the deal takes to close, the harder it will be for Credit Suisse to hold on to its business as the uncertainty erodes confidence in the lender.
En ting er vigtig at huske Pas på dig selv, alt har en løsning Jeg ved at Du kan , jeg vil tænke på dig ønsker det bedste love You
they are bailing. get out of banks now. its a corrupt system keeping everyone broke. wale the fuck up
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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 »
Switzerland curbs bonus payouts at Credit SuisseSwiss authorities imposed curbs on bonus payments for Credit Suisse employees, a move that will penalise bankers after a multi-billion-franc state rescue of the bank. 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 Interesting move by Switzerland to regulate bonus payouts at Credit Suisse. Will this set a new standard for financial institutions? finance regulation
Source: Reuters - 🏆 2. / 97 Read more »
Hedge fund boss Jeff Gundlach shreds Credit Suisse creditors: ‘Put on your big boy pants’Gundlach said disgruntled Credit Suisse bondholders should ‘look in the mirror.’
Source: nypost - 🏆 91. / 67 Read more »
Swiss government says it will limit bonuses at Credit SuisseThe Swiss government on Tuesday said it would restrict bonuses at Credit Suisse after the bank agreed to be taken over at a steep discount by UBS. Insane lol 😂 🤡 That's a lot of money for a board, especially during these times. I wonder if they'll use some of it to support wildlife conservation efforts.
Source: MarketWatch - 🏆 3. / 97 Read more »