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| Name | Credit Suisse Takeover Cost UBS An Estimated $17 Billion, As Per Regulatory Filing |
| Video Uploader | Video From moneycontrol |
| Upload Date | This Video Uploaded At 22-05-2023 08:33:51 |
| Video Discription | The $3.4 billion rescue takeover of Credit Suisse may end up costing UBS close to $17 billion in the long run. The Swiss banking giant told the SEC that the rushed deal that was brokered by Swiss authorities in mid-march didn’t give them enough time to do their due diligence and they might not have done a thorough evaluation of all of Credit Suisse’ assets & liabilities. UBS however, is booking a one-off gain of $34.8 billion from the so-called ‘negative goodwill’ gesture. Watch this video to find out more. #creditsuisse #banking #businessnews Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools. A part of Network18, moneycontrol.com is the most influential destination for stock market news and advice, business news, and news about the Indian and global economy. Subscribe: https://bit.ly/moneycontrolyoutube Follow us: Visit https://www.moneycontrol.com/ Facebook: https://www.facebook.com/moneycontrol/ Twitter: http://www.twitter.com/moneycontrolcom Instagram: https://www.instagram.com/moneycontrolcom/ |
| Category | News & Politics |
| Tags | Moneycontrol news | moneycontrol | moneycontrol news | business news | moneycontrol pro | money control | ubs bank news | ubs banking | ubs buy cs | credit suisse collapse | credit suisse crisis explained | credit suisse news | credit suisse takeover | credit suisse takeover explained | banking news | credit suisse banking crisis | credit suisse bank news |
