The details of a shotgun marriage between UBS and Credit Suisse arranged by Swiss regulators have been leaking out. Credit Suisse has been plagued by problems, and one might hope that this act would finally clear them up. The concern I am seeing at the time of writing is the risk of contagion.
As an aside, we can tell this is a bit of a crisis by my posting frequency.…
Bond Economics
Bank Capital Contagion Comment
Brian Romanchuk
Brian Romanchuk
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