Credit Suisse / UBS Shotgun Marriage
The Young Investors Podcast
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The Swiss Regulators Meeting Quietly With Credit Suisse
Swiss regulators met quietly with credit Suisse and organized a $50 billion, $50 billion US dollar loan from the central bank. They also told executives that they have to sell themselves to UBS before the Asia markets opened on Monday. The 3 billion purchase price is 90% less than the value of the stock a year ago; 99% less than when it peaked in 2007.
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