Inside UBS’s takeover of Credit Suisse
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
After the collapse of Silicon Valley Bank, markets were anxious, and the prestigious, yet scandal-ridden Credit Suisse looked as if it could be next to fall. But over the span of a single weekend, the Swiss government and Credit Suisse’s crosstown rival, UBS, raced against the clock to avert disaster. The FT’s banking editor Stephen Morris provides a front row look at how the deal came together.
Clips from Bloomberg, CNBC, BBC
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For further reading:
How the Swiss ‘trinity’ forced UBS to save Credit Suisse
Credit Suisse: the rise and fall of the bank that built modern Switzerland
Saudi National Bank chair resigns following Credit Suisse comments
And further listening:
Behind the Money's December 2022 episode, Credit Suisse's last chance
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On Twitter, follow Stephen Morris (@sjhmorris) and Michela Tindera (@mtindera07)
Read a transcript of this episode on FT.com
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