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Author: hclasvegas   😊 😞
Number: of 15062 
Subject: O/t, ubs takes credit Suisse ,
Date: 03/19/2023 4:07 PM
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Let's see if America has news before the open? ''Update (1300ET): The Financial Times reports that UBS has agreed to buy Credit Suisse after increasing its offer to more than $2bn, with Swiss authorities poised to change the country's laws to bypass a shareholder vote on the transaction as they rush to finalize a deal before Monday.

The purchase price is a fraction of the $8 billion market cap the company was valued at on Friday's close; it means that UBS will now pay slightly more than CHF0.50 a share in its own stock, up from a bid of SFr0.25 earlier today, but far below Credit Suisse's closing price of CHF1.86 on Friday.''
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Author: bigshan ⎊  😊 😞
Number: of 15062 
Subject: Re: O/t, ubs takes credit Suisse ,
Date: 03/19/2023 8:31 PM
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The picture in this article looks funny. One (UBS Chairman) has a big smile, the other (Credit Suisse chairman) could hardly hold tears.

https://www.cnbc.com/2023/03/19/ubs-agrees-to-buy-...
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Author: hummingbird   😊 😞
Number: of 15062 
Subject: Re: O/t, ubs takes credit Suisse ,
Date: 03/19/2023 9:32 PM
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not over yet this evenings agreement between global banks

https://www.msn.com/en-us/money/markets/fed-leads-...
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