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Home
> Central Banks
> Early flows into non-USD FX in early Asia after the UBS-CS deal agreed to
Central Banks
ECB

Early flows into non-USD FX in early Asia after the UBS-CS deal agreed to

  • UBS to buy Credit Suisse in a Swiss government-brokered deal to calm financial markets
Eamonn Sheridan
Eamonn Sheridan
Sunday, 19/03/2023 | 20:14 GMT
19/03/2023 | 20:14 GMT
  • 0

Earlier:

Powell & Yellen: US bank capital, liquidity positions robust , financial system resilient

ECB's Lagarde issues support statement on UBS - CS deal also

The guts of the shotgun wedding deal:

UBS agreed to buy rival Swiss bank CreditSuisse

  • for US$3.23 billion
  • agreed to assume up to US$5.4 billion in losses

FX benefiting, a guide to current spot FX in VERY early Asia trade:

usd ubs credit suisse 20 March 2023
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