bullish
Risk: Should Move to Another Coliseum
SUMMARY
- The UBS takeover of Credit Suisse was announced for $ 3.25 billion below Friday's closing market capitalization of $7.87 billion.
- SNB will take the first loss of $9.7 billion and provide $100 billion of liquidity.
- Central Bank support triggers Credit Suisse AT1 capital write-downs of approximately $17.
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