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2023-03-19 12:20:35

Stu on Nostr: UBS offers to buy Credit Suisse for “up to” $1bn. Market cap was $6.91 billion on ...

UBS offers to buy Credit Suisse for “up to” $1bn.
Market cap was $6.91 billion on Friday! 😂

14 cents on the dollar… overnight?
Yikes! 😱

Just looking back the mcap was $60bn just before covid. 🫣

… and Bankers get paid largely in equity?? Don’t they know anything about banks? 🤣
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