Was UBS Buying Credit Suisse Just ‘Soft Nationalization’?

<p><strong> </strong></p> <p dir="ltr">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 US, EU, and UK, hammered out a deal that nobody is really happy with, aside from the fact that it may prevent banking contagion.</p> <div data-pm-slice="1 1 []" data-en-clipboard="true"><em>Enjoying this content?</em></div> <div> </div> <div><em>SUBSCRIBE to the Podcast</em></div> <div><em>Apple:  <a href= "https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb" rev= "en_rl_none">https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb</a></em></div> <div><em>Spotify: <a href= "https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ" rev= "en_rl_none">https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ</a></em></div> <div><em>Google: <a href= "https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=" rev= "en_rl_none">https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=</a></em></div> <div> </div> <div><em>Join the discussion: <a href= "https://discord.gg/VrKRrfKCz8" rev= "en_rl_none">https://discord.gg/VrKRrfKCz8</a></em></div> <div> </div> <div><em>Follow on Twitter:</em></div> <div><em>NLW: <a href="https://twitter.com/nlw" rev= "en_rl_none">https://twitter.com/nlw</a></em></div> <div><em>Breakdown: <a href="https://twitter.com/BreakdownNLW" rev="en_rl_none">https://twitter.com/BreakdownNLW</a></em></div> <p><strong> </strong></p> <p dir="ltr">-</p> <p dir="ltr">“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by <a href= "mailto:michele@coindesk.com">Michele Musso</a> 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. </p> <p dir="ltr">Join the disc