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UBS in talks to buy Credit Suisse
Posted on 3/18/23 at 8:43 am
Posted on 3/18/23 at 8:43 am
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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.
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 on 3/18/23 at 10:21 am to Kreg Jennings
I hope the deal falls through
Holding puts
Holding puts
Posted on 3/18/23 at 5:07 pm to Kreg Jennings
Get it done so i can get my bank stock numbers back up.
Posted on 3/18/23 at 7:24 pm to Delacroix22
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 on 3/19/23 at 12:32 pm to GhostOfFreedom
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.
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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