The End of Credit Suisse!

from Patrick Boyle On Finance · host Patrick Boyle

Send us a textAfter a weekend of intense negotiations, Swiss authorities brokered an emergency deal to sell Credit Suisse the troubled 167-year-old investment bank to its Swiss rival, UBS. A $54bil lifeline from the Swiss National Bank last week failed to stem the crisis facing Credit Suisse following Silicon Valley Bank’s collapse: its share price collapsed and the flight of deposits accelerated. The deal has prevented a globally important bank from failing. Under the terms of the deal,...

Episode metadata supplied by the publisher feed · Published Mar 22, 2023

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The End of Credit Suisse!

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