Breaking: Credit Suisse suffered 10.8 billion daily outflows. UBS asks for legal guarantees
Breaking: Credit Suisse suffered 10.8 billion daily outflows. UBS asks for legal guarantees
Credit Suisse experienced a very important outflow of deposits at the end of last week, to the point that different sources suggest that it even experienced a daily outflow of 10.8 billion dollars, which has led the regulator and the government Swiss to force a merger with UBS.
However, UBS has claimed legal coverage against any possible litigation that it could see in the future for skipping, among others, the minimum legislation in the transaction. The operation should last six weeks but hardly anything happens on the weekend.
Starting next week, all the focus will be around UBS to understand if UBS is capable of digesting it now, which is coming into the spotlight of investors who consider that we are in the midst of a financial crisis.
#creditsuisse #ubs #crisisfinanciera #crisisbancaria #noticiasenespañol #negociostv #economia #banca #livenews #ultimahora
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