Surveillance Special: UBS to Buy Credit Suisse

UBS agreed to buy Credit Suisse in a historic, government-brokered deal aimed at containing a crisis of confidence that had started to spread across global financial markets. Bloomberg Surveillance broke the news and got analysis from: Mohamed El-Erian, Bloomberg Opinion columnist  Joost Beaumont, head of bank research at ABN Amro Bank  Peter Tchir, head of macro strategy at Academy Securities  Bob Michele, chief investment officer of fixed income at J.P. Morgan Asset Management  Mark Naur, a strategist at Danske Bank  Seema Shah, Principal Asset Management chief global strategist  Greg Peters, PGIM Fixed Income co-chief investment officer  Steve Pagliuca, Bain Capital Private Equity senior advisor  Hosted by Jonathan Ferro and Lisa AbramowiczSee omnystudio.com/listener for privacy information.