UBS shares slide 10%, Credit score Suisse craters 60% right after takeover offer

UBS shares slide 10%, Credit score Suisse craters 60% right after takeover offer


Critical Factors
  • Swiss authorities and regulators assisted to aid the deal in order to stem the risk of contagion to the world banking method, as Credit score Suisse teetered on the brink.
  • UBS Chairman Colm Kelleher stated the acquisition was “beautiful” for UBS shareholders, but clarified that, “as much as Credit score Suisse is anxious, this is an unexpected emergency rescue.”



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