5min chapter

The Compound and Friends cover image

Yes, This Is a Bailout of Credit Suisse

The Compound and Friends

CHAPTER

Credit Swiss - The Shotgun Merger

UBS announced a deal to buy credit Swiss for $3 billion. This is the slowest moving bank failure we've seen in our recent years, says CNN's Jim Boulden. The big problem looming in all of this is that they're sitting on portfolios that have disastrous loans and don't know how disastrous they are," he adds.

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