Today on Bloomberg Deals: delving into the small print on First Citizens’ SVB takeover, Aramco takes $3.6 billion stake in China refinery and SNB chair resigns after Credit Suisse remarkhttps://foxdeo.com/2iBe.tnk
Swiss National Bank lost $143 BILLION last year... But just gave Credit Suisse a $55 BILLION loan. ...and another $100 BILLION in liquidity for UBS to takeover Credit Suisse.
#BREAKING: It's official, UBS has announced the takeover of Credit Suisse with the support of the Swiss Government. Some highlights: - Both banks will have UNRESTRICTED access to Swiss National Bank facilities - Both banks can obtain liquidy assist