UBS In Historic Credit Suisse Takeover To End Crisis Of Confidence

Bloomberg Daybreak: Europe Edition
20/03/2023 17 min
UBS In Historic Credit Suisse Takeover To End Crisis Of Confidence

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Episode Synopsis

Your morning briefing. The news you need in just 15 minutes. On today's podcast: (1) Troubled lender Credit Suisse is sold to rival UBS for $3.2 billion. (2) Swiss banking tie-up expected to lead to thousands of job cuts. (3) A wipe-out of risky Credit Suisse bonds upends a $275 billion market. (4) Federal Reserve leads a move by global central banks to boost dollar liquidity.See omnystudio.com/listener for privacy information.

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