Firdaus Ibrahim News Today

Before the lightning takeover of Credit Suisse, UBS was a top global wealth manager. With Credit Suisse, it’s much larger. That’s a strength and a risk, as rivals move to poach the best advisors and ultrawealthy clients.

Credit Suisse shares briefly sank to an all-time low on Monday while credit default swaps hit a record high.

Energy stocks outperformed as crude futures soared ahead of this weeks OPEC+ meeting.