logo
episode-header-image
Mar 2023
17m 59s

What’s Next for UBS After Rescue of Cred...

The Wall Street Journal
About this episode

A.M. Edition for March 21. Swiss lender UBS has one fewer rival and more clients among the world's wealthy after its whirlwind rescue of Credit Suisse. But it's also left holding Credit Suisse's legal baggage and bearing the weight of being an even more systemically important financial institution. Journal reporter Margot Patrick outlines the challenges and opportunities that could await UBS. Plus, WSJ editor Alex Frangos explains what investors are watching as the Fed kicks off a two-day policy meeting. Luke Vargas hosts.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Up next
Today
The Art of the Peace Deal
A.M. Edition for Oct. 10. President Trump's application of pressure is a key factor in securing a cease fire in Gaza after two years of conflict. WSJ’s Anat Peled explains what happens next, including Israeli forces withdrawing from parts of the Gaza Strip preparations for the re ... Show More
14m 16s
Yesterday
Airport Delays Become a Focus in the Shutdown Fight
P.M. Edition for Oct. 9. As the government shutdown stretches beyond a week, federal employees—including air-traffic controllers—are working without pay. WSJ reporter Anvee Bhutani discusses how a shortage of those workers could be crucial in the fight to end the government shutd ... Show More
13m 59s
Yesterday
Gaza Hostage Deal Marks First Step on Long Road to Peace
A.M. Edition for Oct. 9. Israel and Hamas agree to the first phase of President Trump’s peace plan, with all hostages set to be released and Israeli troops to withdraw to an agreed-upon area. The WSJ’s Michael Amon explains what happens next. Plus, senior Republicans quietly advi ... Show More
11m 51s
Recommended Episodes
Mar 2023
Inside UBS’s takeover of Credit Suisse
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 cl ... Show More
24m 43s
Mar 2023
UBS agrees to buy Credit Suisse
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 ... Show More
10m 3s
Apr 2023
UBS’s Credit Suisse challenge
US President Joe Biden is expected to announce on Tuesday that he’s running for re-election, UBS could lose customers as a result of its takeover of Credit Suisse, and the French luxury group LVMH became the first European company to hit a $500bn market value. Mentioned in this p ... Show More
9 m
Aug 2023
FTX’s Sam Bankman-Fried Sent to Jail After Judge Revokes Bail
Plus: Inflation concerns lead to mixed day for U.S. stocks. UBS shares climb after the Swiss bank said it doesn’t need billions of dollars in relief for its takeover of Credit Suisse. Nvidia shares suffer fourth straight daily decline. J.R. Whalen reports. Learn more about your a ... Show More
2m 39s
Mar 2023
UBS buys rival Credit Suisse; Putin visits Mariupol, and more
Following a weekend of fraught negotiations UBS, a bank, bought Credit Suisse, its troubled rival, in a SFr3bn ($3.25bn) deal brokered by the Swiss government. Hosted on Acast. See acast.com/privacy for more information. 
3m 56s
Dec 2022
Credit Suisse's last chance
At one time, Credit Suisse was considered to be among the most respected banks in Europe. The FT’s European banking correspondent Owen Walker explains how the Swiss bank is trying to make a comeback after years of scandal and losses — and what might happen if it fails. Clips from ... Show More
20m 26s
Apr 2023
Credit Suisse bondholders sue
Regional banks across the US have largely stopped the massive outflow of deposits after the collapse of Silicon Valley Bank, investors representing $4.5bn of wiped-out Credit Suisse bonds have filed a lawsuit against Switzerland’s banking regulator, and the FT’s Brooke Masters ar ... Show More
8m 28s
Aug 2023
UPDATE: UK Growth Surprise & UBS Exits Backstop Deal
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The UK economy delivers its strongest quarterly growth in more than a year. (2) UBS ends its $10bn Credit Suisse loss protection agreement with the Swiss government. (3) US inflation dat ... Show More
18m 56s
Mar 2023
The Many Changes Wrought by Credit Suisse, SVB
In this week’s Bloomberg podcast, Bloomberg Intelligence analysts discuss the findings and impacts of their research:  Questions About AT1s’ Future as CS Upends the Capital Structure -- Jeroen Julius examines the future brought by the Swiss decision to write off the bonds and fav ... Show More
36m 21s