Diario Financiello in talks to buy all or part of Credit Suisse for UBS
UBS is in talks to buy all or part of Credit Suisse, and the directors of two major Swiss banks met separately over the weekend to discuss which of Europe’s most important banking combinations since the financial crisis. consider whether it will According to various persons informed of the conversation.
El Banco Nacional Suizo and el regulador Finma están form las negociaciones en un intent to strengthen confidence in the country’s banking sector; Digeron Ras Persona. Su Intervention SE Produce DIAS DEPUÉS DE QUE EL BANCO CENTRAL SEVIERA OBLIGADO A PROPARICAL CHF 50 billion emergency credit facility (US$54 million) Credit Suisse.
embargo, esto no logró detener una caida en el precio de sus actionsque cayó a minimos históricos después de que su mayor inversionista descartó proparicar más capital y su Presidente has admitted to continuing the outflow of customers from the gestion de patrimonio.
The price performance of Swiss borrower actions has varied significantly over the past few years. Over the past three years, UBS’s stock has risen about 120%, while the stock of its smaller rival has fallen about 70%. Elle’s Primero market cap is at his $56.6 billion, and Credit Suisse closed at his $8 billion on Friday.
In 2022, UBS generated a profit of US$7.6 billion, while Credit Suisse suffered a loss of US$7.9 billion.effectively eliminating the gains of the last decade.
Fushion, L “Plan A”
Los reguradores suizos dijeron a sus homologós estudiantes y británicos el viernes por la noche que The merger of the two banks was a ‘plan A’ to stop the collapse of trust between investors and Credit Suissedijo una de las personas.
Se están discutiendo varias opciones más allá de una total earnedThe person concluded that UBS is also analyzing the potential risks of the contract.
El banco central suizo quiere que los prestamistas acuerden una solución simple y directa antes de que los mercados abran el lunes, dijo una de las personas. .
Credit Suisse and UBS declined to comment.
The full merger will create one of Europe’s leading global systemically important financial institutions. UBS has total assets of $1.1 billion and Credit Suisse has $575 billion.
Sin embargo, un acuerdo tan grande puede resultar demasiado difícil de executarThe Financial Times has previously reported that other options under consideration include splitting up Credit Suisse and raising funds through a public offering of its Swiss protection arm.
UBS is wary of urgent bailout requests from the Swiss government after investors mistrust Credit Suisse’s latest restructuring. Last year, executive director Ulrich Kellner announced plans to cut 9,000 jobs and sell most of his investment bank and a new organization called First Boston, led by former military government member Michael Klein. Did.
A possible takeover was made at Credit Suisse in 167 to the mayoral rival Pondoria Fin Cassi 3 years.Greensill Capital’s finance-focused crisis vinculadas al group and family office Archegos collapsed in 2021 with thousands of millions of dollars in profits.
The lender was also fined for his thesis and the US$2 billion “Bonos de Atun” de Mozambique scandal. Former professional coach of cartel de cocaína búlgaro. Luchador.
Credit Suisse, meanwhile, is struggling with important personnel management rotations. Former executive director Tijan Thiam resigned in 2020 after an espionage scandal and a neighborhood dispute with his men that scandalized Zurich.
A year later, Antonio Orta Osorio became president. The former president of Lloyds Bank has been hired to clean up the Swiss lender culture. He was forced out in early 2022 for excessive corporate jet use and violation of Covid-19 quarantine rules for the final of the European Football Championship and the men’s tennis final at Wimbledon on the same day. .