Surveillance Special: UBS to Buy Credit Suisse
Bloomberg Surveillance
00:00
Is This a Bailout?
Swiss UBS agreed to buy its longtime Swiss rival for three billion Swiss francs. Mohamed Al-Aryan: It's a bailout because they're dealing with a stunningly important bank at the time of market turmoil. The SMB offering a 100 billion Frank liquidity assistance to UBS, he says. Bob Michael: Does this inspire confidence or make you nervous? "It makes me more confident that we're headed to recession"
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Transcript
