3.19.2023

I hope they know what they are doing

I'm not sure that UBS Group AG (SWX: UBSG) is entirely happy with the purchase of Credit Suisse Group AG (SWX: CSGN).

Even if they bought the shares significantly below the closing price on Friday, $0.5401 vs. $2.088, I'm guessing it won't be worth the trouble.

My guess is that SWX:UBSG was more or less forced to buy SWX:CSGN when Deutsche Bank AG (ETR:DBK) showed a clear interest in parts of SWX:CSGN.

Let's keep our fingers crossed and hope for the best!


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