Bloomberg Daybreak: US Edition cover image

Credit Suisse Takeover Upends Global Bond Markets

Bloomberg Daybreak: US Edition

00:00

Unanswered Questions on Credit Suisse's Books?

There's a liquidity backstop of a hundred billion so it's ranked up. Colin Kaller, the new chairman of the joint entity and the chairman of UBS made it very, very clear. We're going to de-risk. That is going to mean some serious addressing of higher risk assets that are inside the investment bank. When you're trying to sell off assets that are highly illiquid, difficult to price, and nobody really wants, that's when the difficulty comes in.

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