Banking Turmoil: UBS Takes Over Credit Suisse, More "Junk" for First Republic 03/20/23
Squawk on the Street
00:00
Credit Suisse's Market Value Is $3.2 Billion, but Credit Suisse Is Already Worth $8 Billion.
The Saudi National Bank said they are not going to go past 9.9% in Credit Suisse's stake. UBS stock is now up very nicely after, of course, that forced purchase by the Swiss government. Gold popped above $2,000 earlier but has since backed off from there.
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