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Credit Suisse’s fall gives rise to a new banking crisis
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fnlondon.comWith Credit Suisse, investors just got their first, messy view of what happens when a big global bank fails in the post-2008 era.
UBS agreed to buy its local rival over the weekend in a historic deal brokered by Swiss regulators. Credit Suisse shareholders will get UBS shares that were worth the equivalent of about $3.25bn before the market opened on 20 March, and less after the acquirer’s stock fell about 5% on the morning of 20 March. Credit Suisse had a market value of some $8bn at the end of last week and a tangible book...
Read more on fnlondon.comAbout this in other media
Credit Suisse chair ‘truly sorry’ over downfall of 167-year-old bank theguardian.com /1 year ago
Credit Suisse shareholders gather at annual meeting to demand answers over UBS rescue cnbc.com /1 year ago
UBS’s acquisition of Credit Suisse brings some good and bad for crypto cointelegraph.com /1 year ago
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