logo
episode-header-image
Mar 2023
10m 3s

UBS agrees to buy Credit Suisse

Financial Times
About this episode

UBS agreed to buy Credit Suisse for $3.25bn after a frantic weekend of negotiations brokered by Swiss regulators, leading central banks have taken fresh measures to improve global access to dollar liquidity, and the Biden administration is under pressure to call for an expansion of the federal guarantee on bank deposits. Plus, the FT’s Andrew Edgecliffe-Johnson explains what lessons start-ups are taking away from the collapse of Silicon Valley Bank. 


Mentioned in this podcast:

UBS agrees to buy Credit Suisse for more than $3bn

White House pressed to expand deposit guarantee to steady banks

Central banks announce dollar liquidity measures to ease banking crisis

Start-ups learn the hard way how to manage cash after SVB’s collapse

Sign up for the FT’s Due Diligence newsletter: https://www.ft.com/due-diligence

Download the FT Edit app here: ft.com/ftedit


Read a transcript of this episode on FT.com


Hosted on Acast. See acast.com/privacy for more information.

Up next
Yesterday
Extended chat: Top US trade official defends Trump’s record
US trade representative Jamieson Greer is President Donald Trump’s top trade official. He has played a critical role in negotiations between Washington and its trading partners. This includes recent talks with Canada, whose retaliatory tariffs against the US go into effect later ... Show More
19m 47s
Sep 4
Top US trade official reveals ‘problem’ in UK negotiations
The US trade representative says the UK is choosing the EU over America and Deutsche Bank organised almost $1bn of loans to a Hollywood studio landlord now in default. Plus, Nvidia has agreed to buy AI model platform Hugging Face for $13bn, and a look at how chicken became the wo ... Show More
12m 39s
Sep 3
Uber teams up with driver unions to fight robotaxis
Auditors warned Guggenheim Partners about weak controls within its business, and Uber is teaming up with driver unions to try to slow the rollout of robotaxis. Plus, US oil major Chevron and Italy’s Eni are boosting investment in oil production in Venezuela.Mentioned in this podc ... Show More
11m 11s
Recommended Episodes
Mar 2023
Inside UBS’s takeover of Credit Suisse
<p>After the collapse of Silicon Valley Bank, markets were anxious, and the prestigious, yet scandal-ridden Credit Suisse looked as if it could be next to fall. But over the span of a single weekend, the Swiss government and Credit Suisse’s crosstown rival, UBS, raced against the ... Show More
24m 43s
Mar 2023
Deja vu? Another weekend of bank turmoil
It’s been a tough couple of weeks for the global banking sector — the embattled lender Credit Suisse was purchased by fellow Swiss rival UBS for a motley sum of around $3 billion. University of Michigan professor Erik Gordon explains what that means amid the wider unease about th ... Show More
6m 41s