Banking Turmoil: UBS Takes Over Credit Suisse, More "Junk" for First Republic 03/20/23
Squawk on the Street
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Introduction
UBS has agreed to require its troubled rival credit suites, the price tag, a little more than 3 billion in UBS stock. Also add central banks, including the Fed and the European Central Bank, teaming up in an operation to keep U.S. dollars flowing through the global banking system. And shares of first republic following to all time lows this morning after S&P downgrades bank deeper into junk status.
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