Offerfrom Ubs News Today

well have a special report. hello, very warm welcome to the programme. the financial times is reporting that ubs — switzerlands biggest bank — has agreed to buy credit suisse for more than two billion dollars. theres been no confirmation yet of whether the offer has been accepted. its thought an earlier offer of $1 billion was considered too low. the swiss banking giant had been caught up in the market uncertainty triggered by the collapse, nine days ago, of americas silicon valley...

The silicon valley bank issues but really stems from them reporting they found material weaknesses in their financial reporting. that led to competence and money pouring away from the bank. it was reported that ubs tabled an offer of1 billion us dollars. the closing price already down 90% from when it was on its peak. it felt very much a lowball offer. looks like there have been negotiations going on. also around the shape of any takeover, credit suisse has 95 banks in switzerland, domestic, and...

Were speaking, the offer from just to reiterate, when chris and i were speaking, the offerfrom ubs was to buy credit suisse for 1 billion us dollars. its been reported by the financial times that the offer has been increased to 2 billion us dollars. we expect some sort of press conference from the swiss government and those involved within the coming hours. weve been given no firm indication of what time, but we will of course bring that to you and any significant developments as we get them rig...

Be taking over. whether its elements sold off subsequently, but from the perspective of a global bank, 1 billion is pretty much petty cash. therefore, whats happening is the ubs side are saying, look, the culture at credit suisse is not good, the leadership clearly hasnt been that good, and what is the impact going to be on us if we take on what other people perceived to be a toxic problem? the on what other people perceived to be a toxic problem?— on what other people perceived to be a toxic ...