Wall Street's China Problem & UBS's $35B Credit Suisse Windfall

Bloomberg Daybreak: Europe Edition
17/05/2023 18 min
Wall Street's China Problem & UBS's $35B Credit Suisse Windfall

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Episode Synopsis

 Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Wall Street's biggest banks face a harsh reality check in China(2) Biden and McCarthy voice cautious optimism on a debt deal(3) UBS gets a $35 billion profit gain on paper from its Credit Suisse takeover(4) MPs call for trading in digital currencies to be regulated like gambling. See omnystudio.com/listener for privacy information.

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