UBS acquiring CS, no CSFB?

It seemed the entire plan of the CSFB spin relied on equity from the saudis, when that got pulled amidst the completely unrelated regional bank run, I think that spin plan was ruined.

Now that CS is going to merge with UBS removing that dual Swiss bank rivalry we have all known since the dawn of man - what is next? Does this make UBS OP? Does UBS still spin CSFB off? Does Michael Klein get left holding its oysters?

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