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UBS in talks to buy Credit Suisse

Posted on 3/18/23 at 8:43 am
Posted by Kreg Jennings
Parts Unknown
Member since Aug 2007
3914 posts
Posted on 3/18/23 at 8:43 am
LINK

UBS is in discussions to take over all or part of Credit Suisse, with the boards of Switzerland’s two biggest lenders set to meet separately over the weekend to consider what would be Europe’s most consequential banking combination since the financial crisis, according to multiple people briefed on the talks.

The Swiss central bank wants the lenders to agree on a simple and straightforward solution before markets open on Monday, one of the people said. There is no guarantee a deal, which would need to be approved by UBS shareholders, will be reached.

This post was edited on 3/18/23 at 8:46 am
Posted by Delacroix22
Member since Aug 2013
4537 posts
Posted on 3/18/23 at 10:21 am to
I hope the deal falls through

Holding puts
Posted by FLObserver
Jacksonville
Member since Nov 2005
15848 posts
Posted on 3/18/23 at 5:07 pm to
Get it done so i can get my bank stock numbers back up.
Posted by GhostOfFreedom
Member since Jan 2021
13101 posts
Posted on 3/18/23 at 7:24 pm to
quote:

I hope the deal falls through



It is going to fall through, even if UBS gets them... it will just take UBS with them.
Posted by mule74
Watersound Beach
Member since Nov 2004
12542 posts
Posted on 3/19/23 at 12:32 pm to
UBS buys them for $2B … wow Credit Suisse books really must have been a POS.

Our management recently sold 20% of our company for $1.2B and you’ve probably never heard of us.

UBS just bought the one of the oldest banks in Europe for the financial equivalent of $1.

Of course … now they have to drag it out of the dumpster.
This post was edited on 3/19/23 at 1:32 pm
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