Sign up for The Daily Upside using this link: After a weekend of intense negotiations, Swiss authorities brokered an emergency deal to sell Credit Suisse the troubled 167-year-old investment bank to its Swiss rival, UBS. A $54bil lifeline from the Swiss National Bank last week failed to stem the crisis facing Credit Suisse following Silicon Valley Bank’s collapse: its share price collapsed and the flight of deposits accelerated. The deal has prevented a globally important bank from failing.
Under the terms of the deal, Credit Suisse’s additional tier 1 (AT1) bonds were written down to zero while shareholders received $3.25bn. In today's video we discuss whether that is fair and who owned those bonds.
Patrick's Books:
Statistics For The Trading Floor:
Derivatives For The Trading Floor:
Corporate Finance:
Patreon Page:
Visit our website: www.onfinance.org
Follow Patrick on Twitter Here:
Patrick Boyle On Finance Podcast:
Spotify:
Apple:
Google Podcasts:
Join this channel to support making this content:
Музыка
Фильмы
ТВ Шоу
Категории видео
