First flows to non-USD currencies in early Asia after UBS-CS deal agreed

Earlier :

Powell & Yellen: US banking capital, strong liquidity positions, resilient financial system

ECB’s Lagarde also issues statement of support for UBS – CS deal

The bowels of the marriage agreement:

UBS has agreed to buy rival Swiss bank CreditSuisse

  • for $3.23 billion
  • agreed to assume up to $5.4 billion in losses

FX benefiting, a guide to current spot exchange rates VERY early Asian trading:

This article was written by Eamonn Sheridan at


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