Was UBS Buying Credit Suisse Just ‘Soft Nationalization’?

The Credit Suisse saga comes to an end with UBS acquiring its biggest competitor.

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ABOUT

Due to its global systemic importance, Credit Suisse appeared to be in serious trouble last week. In the past weekend, Swiss authorities, along with their counterparts in the U.S., European Union and U.K., hammered out a deal that nobody is really happy with, aside from the fact that it may prevent banking contagion.

“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Arnd Wiegmann/Stringer/ Getty Images, modified by CoinDesk.

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HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.