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A comment on UBS Agrees to Buy Credit Suisse in Historic Deal to End Crisis. Parent comment

Re:UBS Agrees to Buy Credit Suisse in Historic Deal to End C... by dafrie on Sunday March 19, 2023 @04:11PM (#35223038)
as just confirmed in the press conference, the overall liquidity safety net is actually 200B CHF from SNB. Then 9B of guarantees from the Swiss government to UBS for potential risks
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Re:UBS Agrees to Buy Credit Suisse in Historic Deal to End C... by lvl102 on Sunday March 19, 2023 @04:13PM (#35223053)
This deal makes no sense. They also wrote down some creditors to zero while equity holders got at least a few cents.
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