UBS agrees to buy Credit Suisse for more than $3 billion

Swiss banking giant UBS has agreed to buy Credit Suisse for $3.2 billion, a fraction of the $8 billion it was worth on Friday. NBC News’ Allie Raffa has the details on the deal aimed at taming a crisis of confidence that is threatening global financial markets.

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#CreditSuisse #UBS #Finance

[matdrat]

For comparison Apple has $51 billion in cash reserves.

[chichinjoku]

Still calling for review and reform after 2008.

[andreaboggan]

Jeremiah 50:37
"A sword is against her🗽treasuries, and they will be plundered."

[groslait]

the credit of swiss banking service is collapsed, those client who owns assets of 16b in credit went to 0 b, professional banking is over for swiss banking

[BOSS-efev]

“Babylon will be captured; Bel will be put to shame, Marduk filled with terror. Her images will be put to shame and her idols filled with terror.’”
‭‭

[netstarr]

Bring back real rules for mark to market accounting, If it's not too late !

[junielesparas]

Where 3.2 billion dollars come from ? I hope not from the money of people of their bank accounts 😂 😅

[thomasstecyk]

So, who makes up that four point eight billion dollars short? I am sure that UBS is not in the practice of losing money even through a sale.

[angeloborin]

simplw question ...were did thye get the money??? UBS???

[ronlokk]

Of course it is a little to late for reform. Reform bills will only make it harder for the average person to get credit...just like last time. All the best.

[bigpicturethinking]

Wow 3 billion is pocket change to some.

[cazvega]

How do you prevent a bank run ?! These were already treasury bonds … not “toxic” assets …

Sure there was mismanagement on interest rate risk, but bonds are long term products … or is the old adage don’t put too many eggs in one basket the “advice” then 🤷🏻

[ryandixon]

"A historic" deal not "an historic deal. "

[johnwick]

still many will think Obama & Biden are different from Bush 😅

[mr.pizzamarlon]

*_“They will throw their silver into the streets, and their gold will become abhorrent to them. Neither their silver nor their gold will be able to save them in the day of Jehovah’s fury.—Ezekiel 7:19*

-This system of things is rapidly coming to its conclusion-end.- Its over 🎒🥾🥾

[farhanabdulhamid]

Wow wow good brother and sister TNX GOOD Dubai Family First okay Happy Democracy TNX business okay Democracy Happy Democracy TNX GOOD Femily Bank Business ok thanks

[MrReham]

Allie take off the Halloween mask...Yikes - really, tone down the make up

[gercilaineribeirodecarvalh]

Luis vem logo. Vem vc e Jonathan Swisse por favor.

[djcomplain]

Western bankrupt them self will try bankrupt Rusian this so ironic comedy 🤣🤣🤣

Slava Cocaina