UBS bails out Credit Suisse in $3.24 billion take-over
UBS bails out Credit Suisse in $3.24 billion take-over
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UBS bails out Credit Suisse in $3.24 billion take-over
The month of March 2023 saw the world’s economy, and its markets hurled into a vortex of almost uncontrollable seismic proportions. Volatility of that magnitude in equity, bond and foreign exchange markets had not been experienced since the 2008/9 ‘credit crisis.’
Let’s get down to brass tacks. This is the only question that really matters.
The Single Resolution Board, the European Banking Authority and ECB Banking Supervision welcome the comprehensive set of actions taken yesterday by the Swiss authorities in order to ensure financial stability.
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