William D. CohanMarch 29, 2023
A Bear Stearns Shit Sandwich in Switzerland
“This acquisition is attractive for UBS shareholders but, let us be clear... this is an emergency rescue,” said UBS Chairman Colm Kelleher.
News and notes on the UBS-Credit Suisse arranged marriage: Bear déjà vu, the AT1 fiasco, Michael Klein, and that bizarre FT piece.