re: Swiss Government Just Stole All The Saudis Interest In Credit Suisse

It’s UBS that needed shareholder approval to buy Credit Suisse, not the other way around.


But the Swiss government circumvented their own law to get this deal done before the markets open Monday.

quote:

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The Swiss government is also expected to speed the deal up by waiving the six-week waiting period normally required before a merger, according to the New York Times, and Swiss authorities are not requiring UBS to get shareholder approval.

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LINK



This is fine, everything is fine. Changing Swiss banking laws on a Sunday so the largest bank can acquire the 2nd largest bank at a more than 50% discount should not be alarming or cause any panic.