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Swiss economists question UBS takeover of Credit Suisse in pollA poll of Swiss economists found that nearly half think the takeover of Credit Suisse by UBS was not the best solution, warning the saga has dented Switzerland's reputation as a banking centre. This is still very risky. Swiss regulators might have been better to spend the time to do the digesting of Credit Suisse rather than quickly sweeping it under the rug to forestall panic. If Swiss keeps greedy for CCP bloody corrupted money, their banking system will end up like Credit Suisse according to the Murphy’s Law.
Source: Reuters - 🏆 2. / 97 Read more »
Swiss authorities reveal cost of Credit Suisse's liquidity lifelineSwitzerland's authorities revealed the interest rates Credit Suisse and UBS will pay for the 250 billion Swiss franc ($273.31 billion) emergency lifeline the Swiss banks have been offered. 👀
Source: Reuters - 🏆 2. / 97 Read more »
UBS brings back Sergio Ermotti as CEO after Credit Suisse rescue | CNN BusinessUBS is bringing back its former chief executive, Sergio Ermotti, effective April 5, to steer the group through its unplanned takeover of rival Credit Suisse.
Source: cnni - 🏆 326. / 59 Read more »
UBS brings back Ermotti to lead Credit Suisse integrationUBS on Wednesday decided it would let a Swiss national guide the integration of its two banking heavyweights.
Source: MarketWatch - 🏆 3. / 97 Read more »