#UBS's five-year #CDS reportedly jumped up 14 bps on March 24 to close to 130 bpstroubled competitor #Credit Suisse for $3.25 billion as part of an “emergency ordinance” to prevent #financial market instability in the region.
On March 24, shares of #Commerzbank declined by as much as 9%, while Société Générale and #UBS tumbled over 7% in #European trading.
On March 24, shares of #Commerzbank declined by as much as 9%, while Société Générale and #UBS tumbled over 7% in #European trading.
#UBS's five-year #CDS reportedly jumped up 14 bps on March 24 to close to 130 bps, just a few days after the company acquired troubled competitor #Credit Suisse for $3.25 billion as part of an “emergency ordinance” to prevent #financial market instability in the region.
The #Financial #Times reported earlierthat #BlackRock was working on a rival bid for #Credit #Suisse aiming to upstage a plan for #UBS to acquire the struggling bank.
#UBS has no desire to buy #Credit_Suisse, #chairman tells newspaper.
#Microsoft drops after #UBS analysts warn of weakness in the cloud.
#Microsoft drops after #UBS analysts warn of weakness in the cloud.
#Microsoft shares lag Big #Tech peers as growth worries prompt #UBS downgrade.
#UBS downgrades #Norwegian Cruise Line, says stock is less attractive after rally
#UBS downgrades #Norwegian Cruise Line, says stock is less attractive after rally