{"id":1656,"date":"2024-08-27T19:06:39","date_gmt":"2024-08-27T19:06:39","guid":{"rendered":"https:\/\/swisspresse.com\/ubs-veteran-boss-ermotti-may-have-pulled-off-the-deal-of-the-decade-with-the-credit-suisse-rescue-nbc-los-angeles\/"},"modified":"2024-08-27T19:06:39","modified_gmt":"2024-08-27T19:06:39","slug":"ubs-veteran-boss-ermotti-may-have-pulled-off-the-deal-of-the-decade-with-the-credit-suisse-rescue-nbc-los-angeles","status":"publish","type":"post","link":"https:\/\/swisspresse.com\/en\/ubs-veteran-boss-ermotti-may-have-pulled-off-the-deal-of-the-decade-with-the-credit-suisse-rescue-nbc-los-angeles\/","title":{"rendered":"UBS veteran boss Ermotti may have pulled off the deal of the decade with the Credit Suisse rescue \u2013 NBC Los Angeles"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<ul>\n<li>After an intense weekend of negotiations in March 2023, UBS agreed to buy its embattled rival Credit Suisse. But not everyone was convinced it was a good idea.<\/li>\n<li>At the time, investors were &#8220;very concerned&#8221; about the complexity of the deal and whether UBS would make it work, Bruno Verstraete, founder of Lakefield Wealth Management,\u00a0told CNBC.<\/li>\n<li>That sentiment is now changing, 18 months later.<\/li>\n<\/ul>\n<p>After an <a href=\"https:\/\/www.cnbc.com\/2023\/03\/19\/ubs-agrees-to-buy-credit-suisse-as-regulators-look-to-shore-up-global-banking-system.html?__source=OTS%7Cfinance%7Cinline%7Cstory%7C&amp;par=OTS&amp;doc=108024743\">intense weekend of negotiations<\/a> in March 2023, Swiss banking giant <a href=\"https:\/\/www.cnbc.com\/quotes\/UBSG-CH&amp;__source=OTS%7Cfinance%7Cinline%7Cstory%7C&amp;par=OTS&amp;doc=108024743\">UBS<\/a> agreed to buy its embattled rival Credit Suisse.<\/p>\n<p>Despite the attractive <a href=\"https:\/\/www.cnbc.com\/2023\/03\/19\/ubs-agrees-to-buy-credit-suisse-as-regulators-look-to-shore-up-global-banking-system.html#:~:text=UBS%20agreed%20to%20buy%20its,Credit%20Suisse%20shares%20they%20hold.\">purchase price of $3.2&#8230;<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.nbclosangeles.com\/news\/national-international\/ubs-veteran-boss-ermotti-may-have-pulled-off-the-deal-of-the-decade-with-the-credit-suisse-rescue\/3495863\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After an intense weekend of negotiations in March 2023, UBS agreed to buy its embattled rival Credit Suisse. But not everyone was convinced it was a good idea. At the time, investors were &#8220;very concerned&#8221; about the complexity of the deal and whether UBS would make it work, Bruno Verstraete, founder of Lakefield Wealth Management,\u00a0told [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-1656","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-finance"},"_links":{"self":[{"href":"https:\/\/swisspresse.com\/en\/wp-json\/wp\/v2\/posts\/1656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swisspresse.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swisspresse.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swisspresse.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/swisspresse.com\/en\/wp-json\/wp\/v2\/comments?post=1656"}],"version-history":[{"count":0,"href":"https:\/\/swisspresse.com\/en\/wp-json\/wp\/v2\/posts\/1656\/revisions"}],"wp:attachment":[{"href":"https:\/\/swisspresse.com\/en\/wp-json\/wp\/v2\/media?parent=1656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swisspresse.com\/en\/wp-json\/wp\/v2\/categories?post=1656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swisspresse.com\/en\/wp-json\/wp\/v2\/tags?post=1656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}