Another week, another bank in crisis. This time it was Credit Suisse. After tense talks, UBS agreed to buy its former rival in an all-share deal worth about $3.25 billion. With the Swiss government-brokering the sale, Credit Suisse’s 166-year run came to a sudden end.

In this week’s In the City, host Francine Lacqua is joined by Bloomberg TV’s Manus Cranny, Bloomberg Opinion columnist Paul J. Davies and reporter Marion Halftermeyer to explain the bank’s fall from grace. They also discuss details of the  deal, what happens next for Credit Suisse  employees, the challenge facing UBS and why Chairman Colm Kelleher is the person to watch right now.  

Another week, another bank in crisis. This time it was Credit Suisse. After tense talks, UBS agreed to buy its former rival in an all-share deal worth about $3.25 billion. With the Swiss government-brokering the sale, Credit Suisse’s 166-year run came to a sudden end. In this week’s In the City, host Francine Lacqua is joined by Bloomberg TV’s Manus Cranny, Bloomberg Opinion columnist Paul J. Davies and reporter Marion Halftermeyer to explain the bank’s fall from grace. They also discuss details of the <a href="bbg://news/stories/RRT7CGT0AFB4" data-web-url="https://www.bloomberg.com/news/articles/2023-03-19/ubs-agrees-to-buy-credit-suisse-in-historic-deal-to-end-crisis" data-cke-saved-href="bbg://news/stories/RRT7CGT0AFB4"> deal</a>, what happens next for Credit Suisse <a href="bbg://news/stories/RRWI48T0G1KW" data-web-url="https://www.bloomberg.com/news/articles/2023-03-21/credit-suisse-bankers-flood-headhunters-with-calls-after-rescue" data-cke-saved-href="bbg://news/stories/RRWI48T0G1KW"> employees</a>, the challenge facing UBS and why Chairman Colm Kelleher is the person to watch right now.

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know. 

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know.

Every week, Francine Lacqua and David Merritt go behind the scenes in the City of London, uncovering stories and speaking to the people that matter.

In the City

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and David Merritt every Thursday as they uncover the best stories and speak to the people in the know. 

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and David Merritt every Thursday as they uncover the best stories and speak to the people in the know.

In The City

Why Credit Suisse Finally Came Apart

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3bbdc43a-c41a-43c5-9280-afcd01669e99/transcript

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