March 20, 2023

PAY ATTENTION TO $17 BILLION BOND WIPE OUT IN UBS TAKE OVER OF CREDIT SUISSE

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Potential Contagion

Please click here for a chart of multinational investment bank UBS Group stock (UBS).

Note the following:

  • Pay attention because there is a risk of contagion from the way the UBS buyout of Credit Suisse (CS) deal is structured.
  • The chart shows a close in UBS stock of $18.20 on Friday, an early morning drop to $15.50, and a rise to $17.58 as of this writing. In Europe, the stock traded as low as $14.36.
  • The price action is in response to the shotgun marriage orchestrated by the Swiss National Bank between UBS and Credit Suisse over the weekend.
Please click here or the title below to read more.
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