Surveillance Special: UBS to Buy Credit Suisse
Bloomberg Surveillance
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What's Going to Happen in the Financial Markets?
Recent developments in financial markets are compounding the Fed's efforts to slow the pace of economic activity which raises the probability of recession. The big banks getting bigger we haven't even talked about that that was something that I keep thinking about as Stephen Bigger was talking you know honestly the consolidation that everyone was hoping to avoid is only accelerating at this point. If they pull back who steps in correct that is one of the key questions and perhaps the next guest that we have coming up Senior adviser at Bain Capital was going to join us very shortly if you are just tuning in welcome to the program UBS agreeing to buy credit Suisse for three billion Swiss francs yeah.
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Transcript
