
Broken Banks! UBS Agrees To Takeover Struggling Credit Suisse In A Dirty All-Share Deal!
A few minutes ago, Bloomberg announced that UBS is buying troubled rival Credit Suisse for the equivalent of $2 billion in a deal brokered by the Swiss government. The transaction is probably rightly being called hístorical. The Credit Suisse crisis has nothing to do with crypto like the U.S. collapsed Silicon Valley Bank or Signature Bank. Credit Suisse perfectly represents the broken traditional banking system.