Surveillance Special: UBS to Buy Credit Suisse
Bloomberg Surveillance
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The Tip of the Iceberg
Bob Michael, a JP Morgan asset management, says credit deterioration is the tip of the iceberg with respect to Fed rate hikes. We don't know yet in terms of how far they've gone to Steve Off the distress; that's going to be the conversation into tomorrow morning. This solution for banks in difficulty in America should allow them to just focus on one thing, monetary policy and inflation: UBS.
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