BREAKING NEWS: UBS To Take Over Credit Suisse For $3.25bn In An Emergency Deal
Channel: AmplifyME
Date: 2023-03-19

Chief Content & Culture Officer Anthony Cheung delivers the breaking news on UBS and Credit Suisse.

- Intro (00:00)
- The deal structure (0.38)
- Credit Suisse impairment on UK's Greensill Capital (1:57)
- $5.5bn loss associated with US investment fund Archegos (2:16)
- The slow decline of Credit Suisse share price (2:41)
- Silicon Valley Bank sparks a global banking crisis (4:05)
- Credit Suisse's annual report identified 'material weaknesses' (4:40)
- Saudi National Bank Bank rejects further financial assistance (4:56)
- Swiss authorities offer a lifeline (5:30)
- Powell and Yellen welcome the Swiss authorities' action (5:49)
- What happens next? (6:34)

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