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The Times of India
The Times of India
Business
Bloomberg

The one winner and many losers of UBS’s Credit Suisse rescue

Credit Suisse UBS Credit Suisse Group AG UBS Group AG Michael Klein Ralph Hamers Ulrich Koerner Saudi National Bank

BERN: UBS Group AG is emerging as a rare winner in Credit Suisse Group AG’s crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers.

After a weekend of frantic talks to forge a solution before markets opened in Asia, the firm struck a deal to buy its smaller rival for about $3.3 billion in an share deal that includes extensive guarantees and liquidity provisions. Here are some of the big winners and losers to emerge from the deal.

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