Did UBS Just Get the Deal of the Decade? The Swiss bank's acquisition of Credit Suisse will benefit from very favorable deal math, but there are risks too Stephen Wilmot - The Wall Street Journal Did UBS get the deal of the decade with Credit Suisse, or a decade of headaches? The investor debate is just getting started, but the answer to both questions might be yes. UBS certainly got a good price. The $3.2 billion in stock it agreed to pay for Credit Suisse's equity, less than half the company's market value last Friday and just 7% of its tangible book value, is the headline number. Then there is the controversial write-off of Credit Suisse's $17 billion in AT1 bonds. The lawsuits will come, but the decision was taken by the Swiss regulator rather than UBS, so the bank shouldn't have to bear any costs. /jlne.ws/3z4Fa9O
I just hope UBS don't bring in any of those morons at Credit Suisse. Some of them should be locked up behind bars or, at the very least, barred for life from the financial sector.