UBS In Historic Credit Suisse Takeover To End Crisis Of Confidence
Bloomberg Daybreak: Europe Edition
00:00
Allianz Credit Suisse Takeover - The Best Solution?
Allianz's chief economist, economic adviser and Bloomberg opinion columnist Mohammed El Aryan says that the rushed deal was the only viable option. The takeover looks to address client outflows and a massive route in Credit Suisse's stock and bonds over the past week. Analysts fear the move could send the entire $275 billion market for bank funding into a tailspin.
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