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/cscg/ – Credit Suisse collapse general Anonymous Sun, Mar 19, 2023 19:35:50 No.54208969 [View]
File: 688 KB, 4000x2667, 107209822-1678969134573-gettyimages-1248369403-SWITZERLAND_CREDIT_SUISSE.jpg [View same] [iqdb] [saucenao] [google]

megathread for all the credit suisse news. the merger has now happened, but there's still a lot yet to happen, like the asian markets opening. Here's the latest news

>Credit Suisse stockholders will get 1 UBS share for every 22 CS shares they owned

>About 16 billion Swiss francs of Credit Suisse bonds have become worthless as part of the SNB-orchestrated UBS takeover of the bank. This is the biggest loss yet for Europe's $275 billion AT1 market.

>#CreditSuisse Rumor today is the collapse of Credit Suisse and its acquisition by UBS will set off contagion at 2-3 other European un-named banks that are privately asking the European Central Bank to provide emergency liquidity and bailout assistance.

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/biz/ - Business & Finance

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