Tag: SNB
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The Latest Bank Bail Out: UBS To Acquire CSFB.
UBS agreed to acquire CSFB. Sure, $17 billion in high yield debt was wiped out (perhaps we will see high yield downgrades as a result elsewhere across the landscape of financial issuers?) Despite the writedown of $17 billion in high yield debt, I hesitate to characterize this deal as a “bail in” because the Swiss…
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