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Strategies & Market Trends : The Art of Investing

PICK 46.61

-1.0%

Oct 30 4:00 PM EDT

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To: Sun Tzu who wrote (6777)	3/19/2023 6:53:18 PM
From: Sun Tzu	Read Replies (1) of 10466

UBS agreed to buy Credit Suisse for 3 billion Swiss francs, or $3.2 billion, with the combined bank to have $5 trillion in assets. Credit Suisse shares were down 21% last week. Shortly after UBS announced its takeover deal, the Fed announced it had joined with other central banks in a joint liquidity operation. The group of central banks — including the Bank of Canada, Bank of England, Bank of Japan, European Central Bank and Swiss National Bank — agreed to increase the frequency of their U.S. dollar swap line arrangements from weekly to daily. ============= On Friday, even after all its drops, CS had an $8B market cap. 3 is way less than 8.

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