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Why Credit Suisse Finally Came Apart | In The City

Another week, another bank in crisis. This time it was Credit Suisse. After tense talks, UBS agreed to buy its former rival in an all-share deal worth about $3.25 billion. With the Swiss government-brokering the sale, Credit Suisse’s 166-year run came to a sudden end. In this week’s In the City, host Francine Lacqua is joined by Bloomberg TV’s Manus Cranny, Bloomberg Opinion columnist Paul J. Davies and reporter Marion Halftermeyer to explain the bank’s fall from grace. They also discuss details of the deal, what happens next for Credit Suisse employees, the challenge facing UBS and why Chairman Colm Kelleher is the person to watch right now. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Is London having another moment? Shaken by Brexit, decimated by the pandemic, threatened by new ways of working and a worsening cost-of-living crisis, the city remains Europe’s (and arguably the world’s) beating heart for finance and for culture. In the wake of turmoil, The City of London is reinventing itself. Every week on In The City, Bloomberg’s Francine Lacqua and David Merritt go behind the scenes in the Square Mile and the wider metropolis, uncovering the stories and speaking to the people that matter. Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Listen to more of In The City:    • In The City   #Bloomberg #Podcast #InTheCity Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter:   / podcasts   Visit our other YouTube channels: Bloomberg Markets & Finance: https://www.youtube.com/channel/UCIAL... Bloomberg Politics:    / bloombergpo.  . Bloomberg Technology:    / bloombergtech   Quicktake Originals:    / bloomberg   Quicktake Now: https://www.youtube.com/channel/UChir... Quicktake Explained:    / bloombergexpl.  . For coverage on news, markets and more: http://www.bloomberg.com/video