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Credit Suisse needs to get another party to the negotiating table. Time is working against them and UBS has all the leverage. Low-balling makes sense if you’re CS’s only option.

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The gov doesnt want foreigners, and UBS is the only bigger bank there. And CS is worthless anyway, the brand is just toxic, so the price will never be higher. They lost last year the same as what UBS made. If they merge and nothing changes, you have 130 000 employees working towards making 0 profit.

> If they merge and nothing changes, you have 130 000 employees

It'll be curious what the Swiss government does about employee retention in the forced marriage.

Is that an additional 130K FTEs - or is that the comined new total?

If you look at the article, UBS does not want this deal. The Swiss government is effectively forcing them to buy.

So the chances of there being another interested party are ... low.

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