UBS Faces Challenges and Controversies in Credit Suisse Deal.
TL;DR
UBS is reportedly seeking to terminate the deal between Credit Suisse and Michael Klein's advisory boutique, which aimed to create an investment-banking spinoff under the CS First Boston brand. The termination of the deal could save the majority of Credit Suisse's investment bank after UBS agreed to purchase its Swiss rival. UBS has appointed a legal team to review how to cancel the contract without incurring heavy expenses.
- UBS reportedly looking to abort Credit Suisse investment bank deal Private Banker International
- Europe will pay the price for wiping out Credit Suisse bondholders as its ex-CEO warns U.S. banks are ‘rubbing their hands’ Yahoo Finance
- Head of Credit Suisse talks of his profound sadness over UBS takeover The Guardian
- UBS, Switzerland and Those Angry AT1 Investors Bloomberg
- UBS needs to act swiftly BusinessLIVE
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