Reddit Posts
Home Prices Fell in February for First Time in 11 Years
U.S. stocks were up 1% at the beginning of the session. First Republic Bank rallies 36% from new lows
How the Fed and banks are losing trust step by step with a forecasted 25 basis point rate hike
The banking industry is really buzzing, and three related points to ponder. With a small survey: What do you think the Fed will do tomorrow?
Investor Leon Cooperman says the US is going through a 'textbook' financial crisis and the S&P 500 won't hit a new high for a long time.
4 stocks to watch on Monday: UBS, Foot Locker and more (NYSE:UBS)
How the Swiss ‘trinity’ forced UBS to save Credit Suisse
Why did UBS buy Credit Suisse when they know it’s a failing company on the brink of collapse? Are the stupid?
Asia markets mostly fall as traders considers the emergency liquidity plan after UBS buys.
Treasury yields rose on Monday after UBS' acquisition of Credit Suisse
Treasury yields rose on Monday after UBS' acquisition of Credit Suisse
What will happen to the 19$ billion of Russian assets frozen at Credit Suisse? 🥶
UBS confirms deal to acquire Credit Suisse for $3.25B in stock (NYSE:CS)
The debacle that is the Credit Suisse “Bail Out” shows that nobody cares about retail investors
What's your take on the UBS - CS acquisition?
UBS agrees to buy Credit Suisse in $2B all-stock deal (NYSE:CS)
UBS reportedly reaches deal to buy Credit Suisse for more than $2 billion
DB as a Put candidate due to its CDS jump (bigger than UBS)
UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system
Credit Suisse promises to pay bonuses despite UBS rescue
The $17 billion wipeout of Credit Suisse bondholders has not gone down well in Europe
UBS said to be in talks to take over embattled lender Credit Suisse: Report
UBS Group Reportedly Makes Bid To Acquire Struggling Credit Suisse
Swiss Government Forces UBS to Merge With Credit Suisse, Shareholders Have 0% Say So
Credit Suisse latest news: UBS shares suffer largest fall since 2008 after rescue deal
Morning Briefing 🌞 Mar 20th 2023
The UBS credit default swaps (insurance on default) are now going vertical. So who buys out UBS if they have an issue?
Spicy 🌶️ haha Debit Suisse passes the dutchie to UBS… 👋🏼🤡🩳🪦☠️ GME to the moon! 💎🙌🏼🚀🚀🚀
Spicy 🌶️ haha Debit Suisse passes the dutchie to UBS… 👋🏼🤡🩳🪦☠️
UBS shares slide 5%, Credit Suisse craters 60% after takeover deal
Bank giant UBS has officially announced its full acquisition of Credit Suisse
Is it value investment to buy Credit Suisse at Fr0.7 a share?
Credit Suisse down -56% in Pre-market on takeover from UBS!
UBS Acquires Credit Suisse for estimated $ 2 billion, Job Cuts Expected to be Significant
UBS is not paying $3 billion (or any other amount) for Credit Suisse
A short-story repost; from Evergrande to UBS 😂
UBS and regulators rush to seal Credit Suisse takeover deal: reports
CEO of credit suisse goes on media saying liquidity is very very strong then sells it to UBS for pennies on the dollar.
Historical speech from the CS and UBS Merger!
Does the CS-UBS deal smell fishy to anyone else?
UBS buys Credit Suisse - About effn time
UBS Agrees to Buy Credit Suisse for More Than $3 Billion
Bitcoin Surges to $28,459 on UBS-Credit Suisse $3.2 Billion Deal; Fed Set to Approve 0.25% Interest Rate Hike
If UBS buys Credit Suisse what happens to CS shares?
When will we (USA) witness a Swiss-style shotgun wedding?
Banks At Risk Of Failure Due To HTM Losses & High Amount Of Uninsured Deposits (Similar To SVB/SBNY)
Banks At Risk Of Failure Due To HTM Losses & High Amount Of Uninsured Deposits (Similar To SVB/SBNY)
Central banks announce new liquidity measures to ease banking crisis [News]
Central banks announce new liquidity measures to ease banking crisis [News]
Central banks announce new liquidity measures to ease banking crisis [News]
The Great Financial Collapse of 2023. Comparison of Bear Stearns' collapse in March 2008 and Credit Suisse in March 2023.
Live Now. Webcast of UBS buying Credit Suisse.
What will happen to my $1/$1.50 Bull Put Spread on Credit Suisse/ CS?
CS done. UBS next. What a legend.
UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system
How the UBS/Credit Sussie Negotations Went
Why is it so horribly bad that UBS is buying CS at 2B$?
Swiss National Bank provides substantial liquidity assistance (CHF 100 billion) to support UBS takeover of Credit Suisse
SNB Offers UBS $100 Billion In Liquidity For Credit Suisse Acquisition
Swiss National Bank provides substantial liquidity assistance (CHF 100 billion) to support UBS takeover of Credit Suisse
CS puts - I bought $0.50 puts expiring 3/31… what happens now?
UBS agrees to buy Credit Suisse for more than $2bn
UBS close to deal to buy Credit Suisse for more than $2 Billion
CS-UBS Media Conference starts at 19:30
UBS Agrees to Buy Credit Suisse in Historic Deal to End Crisis
UBS CREDIT SWAPS JUMP 40 BPS ON CREDIT SUISSE DEAL NEWS
UBS agrees to buy Credit Sussie for over $2bln - 75% haircut from Friday’s Market Cap
UBS agrees to buy Credit Suisse for more than $2 billion, Financial Times reports
UBS agrees to buy Credit Suisse for more than $2 billion, Financial Times reports
UBS doubled its offer for Credit Suisse - now at $2 billion
UBS to Acquire Credit Suisse in $2 Billion All-Share Deal
UBS offers to buy Credit Suisse for up to $1 billion, the Financial Times reports
UBS offers to buy Credit Suisse for up to $1 billion - FT
Credit Suisse thinks UBS offer is too low and would hurt the share holders. CS stock is down 98% so who will it hurt?
JUST IN: Credit Suisse is pushing back against UBS's $1 billion offer
UBS offers to buy Credit Suisse for up to $1 billion, Financial Times reports
Bloomberg: Credit Suisse said to push back against UBS $1 Billion offer.
UBS offers to buy Credit Suisse for $0.25 a share
Mentions
Absolutely-UBS to the moon!!!!!
[UBS to enter talks with Michael Klein to terminate First Boston deal](https://www.ft.com/content/4dae9cab-eb9f-43b8-85f8-eb8d86573805) > Executives at Swiss bank believe Wall St veteran secured terms from Credit Suisse that were too generous
UBS to the moon!!!! I got calls baby!!!! Let’s go!!!!!!
God wouldn’t it be spicy if UBS made a mad dash for the exit? LFG, man. Always bullish on GME.
Looks like UBS might be closing those short positions in after hours trading.
If UBS can buy $GME quickly enough, they may survive the bags they inherited from CS (Archegos).
GameStop can buy no credit suise & UBS 🤣
>U.S.-listed shares of UBS $UBSI are up +12% after its acquisition of Credit Suisse, while Tesla $TSLA is up +5% following a credit rating upgrade from Moody's. Roblox $RBLX shares are also up +3%, due to the company's potential in artificial intelligence.
Apparently a lot of that was due to delta hedging. From UBS: > "What is intensifying the drop in prices is the options market, through so-called delta hedging. Financial institutions sold downside protection instruments (put options) to oil market players, for instance producers. With the oil price falling below the level where the protection kicks in (strike level), those financial institutions now need to avoid having a price risk on their balance sheets. So, they are selling crude futures to offset the risks, amplifying the rout."
This is the truth *^ UBS is about to get wrecked for absorbing the CS portfolio.
Credit suisse collapse and GME moon was literally foretold. That 9 Billion from swiss bank is going to UBS and then STRAIGHT to buying up 217 million shares sof GME.
I still see UBS now as the biggest zombie bank in world
FRC bagholders about to feel like a CS employee getting fucked by their new UBS manager.
UBS is going to back out of the deal if GME keep going up. The current takeover loss calculation are now all off.
You‘ll get one stock of UBS for 22,48 Credit Suisse stocks
Haha CS bags were a Trojan horse.... UBS bout to implode from Towel and Game swaps... Crazy time to be alive.
Or UBS, or Apollo :), and who knows how many family offices and other hedgies, and banks.
Or maybe the price of UBS changes?
You don't think there is anything to the Archegos collapse, rolling up to CS.. which also just collapsed... rolling up to UBS? You don't see a domino effect?
Hulk dick! Better buy it up before UBS starts covering the massive short position they aquired from Credit Suiesse!
Tomorrow, prob some long dated UBS puts TBH, especially after that move today
UBS inspecting the bullet swap back they bought from CS: 
Rough first day for UBS…lol
In 2008, JPM bought bear sterns for $2 a share. In 2023, UBS bought CS for under dollar a share.
UBS to enter talks with Michael Klein to terminate First Boston deal: Once Credit Suisse is subsumed, First Boston would no longer be able to receive capital from its parent or be able to distribute equity to staff that transferred over.
You're saying the CS shareholders and especially the bondholders got sacrificed to save the market? I agree, but the CS shareholders and bondholders are not going to be happy about getting sacrificed against their will and are going to want compensation. I read last that they have employed a law firm to sue the Swiss government and UBS to either reverse the decision or get a monetary settlement filing on Wednesday. As capitalists we should be very worried that the Swiss are so willing to expropriate the CS investors like that it's something I would expect from Lenin. Why should the investors in one company be forced to bailout the whole narket?
UBS tryna back out of CS first Boston hmmm  that just can’t be good
>UBS TO ENTER TALKS WITH MICHAEL KLEIN TO TERMINATE FIRST BOSTON DEAL - FT ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-03-21 ^14:46:30 ^EDT-0400
"UBS sold itself to UBS" This is the ultimate financial trick
Why is UBS going up? Is it because despite dilution they got a great deal at a low price?
This is not as similar to CS and UBS. CS was already a junk! FRC serves wealthier clientele and many won’t be removing money in another words bank run won’t happen to this bank! $30B liquidity injection is valid for 120 days and tomorrows FED meeting will decide its fate. Yes, anything can happen but I’m rooting for it to not fail! This is an easy $100+ stock. 
UBS 20p 5/19 getting tagged
Good thought on ADR - that effects dividend payments but not cap gains. There are ADR fees though to consider. The WSJ put out an article about CS and UBS arbitrage but got hit by pay wall
Let us know how it turns out. It's possible you found a rare arbitrage. Though I wonder if the discount might have something to do with foreign taxes? CS and UBS are both ADRS, right?
I’m not saying they want it to fail, but with what’s already happened it is a juicy takeover target, and the fed might even want it to be merged into a more stable entity. Similar to Suisse into UBS
If UBS goes up further, you limit your gain on the CS There is uncertainty, thus risk in all directions.
Definitely, but that thought would support a lower CS price that is below deal price OR UBS would trade down.
It is possible UBS declines, as another risk on the trade, post merger.
Current BID is $.32 on the JAN 25 $1 Call So I find it interesting that CS is trading HIGHER than the 22.5:1 UBS deal. Wouldn’t that mean that investors are betting the deal falls through and CS benefits? Why else would someone buy CS for more than the deal price? UBS $21.24/22.5 = $.944 CS but its trading at $.986 or a near 5% premium
UBS at $21.10 and CS at $.98 at this moment
I said all they had to do is buy UBS calls to get their money back. They downvoted me instead.
CS investors got robbed blind. Look at UBS.
nothing is bailed out yet, UBS CDS prices are blowing through the roof, the problem in the swaps and HTM's didn't fucking disappear because the bank and investors got fucked. The currency and total return swaps CS had that UBS is inheriting (from my understanding of the write up) were, and still are, negative as fuck. Y'all think the 1.47 trillion of unrealized losses on JPM's books were bad? UBS had a somewhat stable risk appetite and their management profile just fucking died. Like if you check through CS and UBS 20f's, once combined, even accounting for some of the write offs, this is not looking good. I would say that the CS acquisition may have been the exact wrong thing to do, and every action following made the situation worse at every step.
CS holders are getting UBS shares at a fixed ratio. So, it depends.
What's the share price that UBS will be paying for CS shares? $0.95, $0.99?
At least those are stones. UBS for instance, has bags full of Credit Suisse...
I really wish I bought more $22.5 UBS calls when it dipped to .18 yesterday.
Soon to be Micro UBS, followed by "deprecated"
Market believes this deal was super favorable for UBS, not being saddled with bags.
They will exchange UBS shares for Credit Suisse shares. I believe the deal was 1 UBS share per 22.48 Credit Suisse shares.
i don't get how UBS buy Credit Suisse, by a Takeover bid? they will buy all stocks in market? by increase capital and buying all new shares? other option?
UBS already up 25% after the initial selloff of the CS takeover
>FITCH PLACES UBS GROUP ON RATING WATCH NEGATIVE ON ANNOUNCED ACQUISITION OF CREDIT SUISSE ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-03-21 ^10:24:14 ^EDT-0400
I’m trying to make sense of this trade idea: UBS buys CS and CS shareholders will receive 1 share of UBS for every 22.5 shares of CS. At the time of this post, UBS is $20.32/share. $20.32/22.5 = $0.90331 for CS which is currently roughly about $0.04 below current price of CS. Why wouldn’t I buy 100 shares of CS and sell the $1 strike JAN 2025 call for $0.30 to make my CS price $0.64? I’m unsure of what would happen to the call once the acquisition goes final, but this seems like a really easy way to lock in a nice return. What am I missing here?
I think it’s now 22.xx shares of the CS for one share of UBS so I think it works out to around the current price.
>UBS REVIEW OF CREDIT SUISSE INVESTMENT BANK STILL ONGOING ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-03-21 ^09:46:13 ^EDT-0400
Nvm I see that it’s linked to UBS now
You are going to get a small amount of UBS stock in exchange.
if UBS pumps, CS pumps too. they are linked
UBS and CS employ around 60k people each globally. There is going to be substantial duplication of function between the two I'd imagine.
Isn't UBS paying like $0.75 a share or something as part of the buyout? Don't get caught with your pants down
UBS' takeover of Credit Suisse for $3.2 billion makes it a depositor safe haven, Jaret Seiberg said. "The Swiss authorities have told everybody that this thing is too big to fail," he told CNBC. Unlimited deposit insurance is the "final act" to restore bank confidence but may not be needed yet, he added.
This is going to continue, both as UBS realizes that it was the SWAP positions that CS held that caused their ultimate downfall, not the htm's as well as the general mainstream news continues lying to the public about these incompetent bankers stealing from the country, the people and the corporations. "Keep your money in banks, they're safe" Also "Buffet, we're out of money, please save us"
UBS was a buy of the century yesterday. Gonna be a gift that keeps on giving for years to come.
UBS yesterday was a gift that will keep on giving for years and years.
Pls don’t remind me I had the chance to buy UBS at 16.5 yesterday
>UBS GROUP SHARES SPIKE HIGHER, LAST UP 9% ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-03-21 ^08:17:51 ^EDT-0400
>S&P: RATED INDIAN FINANCIAL INSTITUTIONS CAN WITHSTAND FALLOUT FROM DEMISE OF SVB AND SIGNATURE BANK, AND UBS'S HASTY TAKEOVER OF CREDIT SUISSE \>S&P - EXPECTS SECONDARY IMPACTS TO INDIAN BANKS TO BE MANAGEABLE; WRITE-OFF OF CREDIT SUISSE'S AT1 BONDS MAY LEAD TO HIGHER COST OF… [twitter.com/i/web/status/1…](https://t.co/bcRSEaWxQP) ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-03-21 ^08:13:29 ^EDT-0400
It even jumped as much 27% in premarket trading, with fellow regional lenders including Western Alliance Bancorp and PacWest Bancorp also rising. May be a broad recovery in the banking sector across Europe and the US, as contagion concerns ease following UBS Group AG’s rescue deal for Credit Shits. The bounce to $15 a share still leaves FRC down 88% from its price before the SVB news came out. That's the smell of opportunity boys.
The Swiss had no problem taking Saudi money. However, the consensus was they always had the mindset that the bank belonged under Swiss control. UBS does an all stock deal and, gets to tell a bunch of oldtiners that it's time to pay up
>S&P GLOBAL RATINGS: INDIAN BANKS HAVE MANAGEABLE EXPOSURE TO CONTAGION AND UNRECOGNIZED LOSSES \>S&P GLOBAL RATINGS: INDIAN BANKS, RATED FINANCE COS CAN ENDURE POTENTIAL CONTAGION EFFECTS FROM DEMISE OF SVB AND UBS' TAKEOVER OF CREDIT SUISSE AG ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-03-21 ^07:27:52 ^EDT-0400
If UBS doesn’t fire all of the management at CS buy puts. Read about what happened to Boeing after they acquired a smaller ailing company with bad management, and installed Some of those same managers in their own company.
>S&P - DEMISE OF SVB AND SIGNATURE BANK, AND UBS' HASTY TAKEOVER OF CREDIT SUISSE (CS) ARE REMINDERS OF BANKS' SENSITIVITY TO CONFIDENCE AND LIQUIDITY \>S&P - "ABRUPT DEMISE" OF SILICON VALLEY BANK, SIGNATURE BANK, UBS' TAKEOVER OF CREDIT SUISSE REMINDERS OF BANKS' SENSITIVITY TO… [twitter.com/i/web/status/1…](https://t.co/96nzRcZjiW) ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-03-21 ^06:57:43 ^EDT-0400
Yes the arbitrage would lose you money in this case, which is why I’m wondering if I’m missing something and people have good reason to buy CS instead of UBS
I really think that the final scenario was the best ( or least worst) thing that could have happened. Shareholders got a fraction of the value of their shares as CS shares got converted to diluted UBS shares. AT1 bond holders of CS bonds ( who held a total of $17 billion) got nothing so those bond holders are the ones who got sacrificed. Those were mostly small global investment firms like PIMCO, GAM Investments etc. Most also held other CS bonds that were not liquidated but understandably those firms are not happy at all and are preparing a lawsuit to fight that decision by the Swiss government.
>UBS FIVE-YEAR CREDIT DEFAULT SWAPS TIGHTEN 1 BP TO 163 BPS FROM MONDAY CLOSE, JUST BELOW RECORD HIGH - S&P GLOBAL MARKET INTELLIGENCE ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-03-21 ^05:20:44 ^EDT-0400
Eh Saudi got wiped out to. I wish people would stop playing the victim all the time. By all accounts it was going to be bankrupt this week. Now you have UBS shares.
I sold everything Monday, "Margin Call" style: "sell it all, today". Actions speak louder than words: the Swiss government forcing UBS to buy CS on a weekend while changing the law to avoid a shareholder vote makes about as much sense as cities in China ripping up roads to keep infected citizens from leaving back in the very early days of what would eventually be called COVID. Those actions only make sense if the situation is actually much worse than it appears. It is hilarious to see media articles about the CS deal talk about "concerns for the bank" as the reason when the actions taken only make sense if there was outright panic.
The AT1s for both Credit Suisse and UBS have different clauses in them on this topic. I’m not an expert on the nuances but the ECB and BOE are essentially saying that they will follow the clauses written in their AT1 terms which is what FINMA did here. See Matt Levine‘s column yesterday for more.
UBS makes USB storage devices right?
Taco bell $5.99 build your own box the only inflation beater... Id rather work at Taco Bell than at some shitty investment bank like Credit Suisse or UBS
