Live Breaking News & Updates on Complexities Concerns
Stay updated with breaking news from Complexities concerns. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
to $1 billion, although bloomberg reports that credit suisse sees that as vastly undervaluing the bank. the swiss banking giant had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america s silicon valley bank. it had been offered an emergency credit facility of more than $50 billion by switzerland s central bank, but that had not prevented a sharp fall in its share price. our business correspondent marc ashdownjoins me now. an urgency around these talks in switzerland to try and facilitate this takeover by ubs. this takeover by ubs. yes, the shares were this takeover by ubs. yes, the shares were sliding this takeover by ubs. yes, the shares were sliding all- this takeover by ubs. yes, the shares were sliding all last - this takeover by ubs. yes, the i shares were sliding all last week and there was a period of a pause for a couple of days when markets have been shut till tomorrow morning, so this has given them time to sort th ....
That s because the troubles of credit suisse have become troubles for the wider banking sector and they are keen to calm things down. if ubs does manage to buy out credit suisse, that solves the imminent concerns, but brings other complexities. concerns, but brings other comlexities. ~ . ., ., , complexities. what about “obs? firstly theyfi complexities. what about “obs? firstly they will i complexities. what about “obs? firstly they will be i complexities. what about “obs? firstly they will be picking]- complexities. what about jobs? i firstly they will be picking through the detail now of what a deal would look like, but we understand that would be some kind of restructuring. credit suisse has about 90 banks, where people go but it also has big investments, rich clients, so they might be looking to break that up. that could meanjobs. ubs have employees and credit suisse have employees, and about 50,000 around the world. between the two banks they have 10,000 staff working h ....