UBS’s takeover of Credit Suisse ought to “calm jitters”, in response to CommSec’s Ryan Felsman.
“Over the course of the weekend, what we have seen is an up to $3 billion deal for Switzerland’s largest bank UBS to takeover Switzerland’s second largest bank Credit Suisse,” he advised Sky News Australia.
“That deal is an all-shared deal at 0.5 Swiss Francs, and that’s a lot lower than Credit Suisse’s share price on Friday.”
Presented by CommSec.
Source: www.news.com.au
