Stay updated with breaking news from Samuel bendahan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Did banking giant UBS make "the deal of the century" when it bought one of the world s biggest banks for a pittance as it teetered on the edge of the abyss? ....
Did banking giant UBS make "the deal of the century" when it bought one of the world's biggest banks for a pittance as it teetered on the edge of the abyss? - 'Godsend' - "UBS has pulled off the deal of the century," Switzerland's Socialist Party said, maintaining the "rescue" was more of a "godsend", allowing it to snatch up a bank at a dramatically reduced rate. ....
UBS s acquisition of Credit Suisse for $3.25 billion in March has been hailed as the "deal of the century" after UBS reported a net profit of $29.2 billion for the second quarter. The exceptional gain was attributed to the difference between the purchase price and Credit Suisse s book value. However, critics argue that the takeover has created a monopolistic situation and put Switzerland at risk if the new mega-bank faces a crisis. UBS still faces challenges ahead and it remains to be seen whether the deal was truly worth it. ....
UBS's Credit Suisse takeover, 'deal of the century'? — Daily Tribune tribune.net.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.net.ph Daily Mail and Mail on Sunday newspapers.