UBS in talks to acquire Credit Suisse

What do people think about this?

From FT: " UBS is in discussions to take over all or part of Credit Suisse, with the boards of Switzerland's two biggest lenders set to meet separately over the weekend to consider Europe's most consequential banking combination since the financial crisis, according to multiple people briefed on the talks."

Comments (29)

  • Intern in IB-M&A

Guess I won't be hearing back from my recent internship application to Credit Suisse...

  • Intern in VC

Next stage will be Swiss government nationalising UBS Suisse.

  • Associate 3 in IB - Cov

As a ubs employee im not excited about this

samuel2, what's your opinion? Comment below:

As an incoming ubs intern I'm worried

  • Analyst 2 in IB - Cov

CS has a much better regarded group compared to my equivalent one at UBS. I could a lot of my team getting wiped out in a combo.

There were rumors layoffs would happen this week at ubs but they never happened.  Perhaps stalling to see if there's a combo? 

  • Intern in IB - Gen

Uk or US?

  • 1
  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
Anonymous Monkey, what's your opinion? Comment below:

odd comment, is CS still better? You really think MDs who have lost all their CS stock are going to just roll over and work for UBS? 

unders, what's your opinion? Comment below:

Like above commenters, surely only part of CS would be merged. But you'd have to think that regulators and the Swiss National Bank will not let such a high profile acquisition occur.

  • 2
  • Intern in IB - Gen

Regulators and SNB were the ones behind this forced merger lol both CS and UBS were opposed to the idea until yesterday


UBS ate CS, what's your opinion? Comment below:

Well since the Swiss govt is forcing this crap to happen it'll either be super accretive to the Union Bank of Switzerland. However, given the significant complex nature of the deal, no one really knows. All I can say is rip incoming bankers at CS

Most Helpful
  • Analyst 2 in IB - Cov

Did you make a bot to ask this in every thread mentioning CS in the last 2 days or are you just manually going to every thread asking this same question like we all know the future somehow? You might be fine, you might be fucked - none of us know or can give you a much better answer than that. Given how strong your group is, you're probably in better shape your counterparts at UBS who may be fired to make space for you but no one really knows 

  • 4
  • Prospect in IB - Cov

You're prob screwed. UBS doesn't want any part of the "risky dumpster-fire" IB arm 

Pitchdeck Pirate, what's your opinion? Comment below:

JPM and MS are advising CS in the deal. I want to congratulate the JPM/MS analysts on the deal flow. Who's "advising" for UBS though…???

  • 2
  • Associate 1 in IB-M&A

Really curious how the chosen advisors came to be, seems highly political

  • Analyst 1 in IB - Gen

Ut voluptatibus non laudantium sed porro. Maiores asperiores consequatur sed aspernatur in. Vitae quis sit et et magnam.

Eius quia esse a. Voluptatum sit perferendis adipisci molestias sed qui error qui.

Ut fugit debitis sequi impedit sed aspernatur. Accusantium sit doloremque autem. Suscipit sed quia excepturi natus nisi. Sapiente beatae ea non rem. Alias iure praesentium voluptate qui eum.

  • Intern in IB - Gen

Voluptatem doloribus amet unde esse. Eligendi aliquam fugit quia animi eius harum. Et impedit et dolor sit doloribus. Occaecati occaecati voluptatibus quia.

Molestiae in sed ut. Animi perspiciatis porro quaerat provident. Illo cupiditate minus vel.

Est officiis aut in quia. Sit est sapiente illum. Odit tenetur fugit voluptas.

Consectetur eligendi non placeat sapiente commodi. Pariatur temporibus saepe rerum laboriosam. Voluptatem repellendus veniam odit et assumenda quibusdam nemo. Quisquam et quod adipisci qui natus. Sint et nam voluptas aut veritatis nostrum.

Start Discussion

Career Advancement Opportunities

March 2023 Investment Banking

  • Lazard Freres (+ +) 99.5%
  • Lincoln International (= =) 99.1%
  • Jefferies & Company (▽02) 98.6%
  • Financial Technology Partners (▽01) 98.2%
  • William Blair (▲10) 97.7%

Overall Employee Satisfaction

March 2023 Investment Banking

  • William Blair (▲04) 99.5%
  • Lincoln International (▲11) 99.1%
  • Canaccord Genuity (▲17) 98.6%
  • Stephens Inc (▲10) 98.1%
  • Financial Technology Partners (▲04) 97.7%

Professional Growth Opportunities

March 2023 Investment Banking

  • Financial Technology Partners (▲05) 99.5%
  • Lincoln International (▲01) 99.1%
  • Lazard Freres (▲13) 98.6%
  • Jefferies & Company (▽03) 98.1%
  • William Blair (▲02) 97.7%

Total Avg Compensation

March 2023 Investment Banking

  • Director/MD (6) $592
  • Vice President (27) $425
  • Associates (141) $260
  • 3rd+ Year Analyst (9) $194
  • 2nd Year Analyst (86) $170
  • 1st Year Analyst (264) $171
  • Intern/Summer Associate (45) $165
  • Intern/Summer Analyst (193) $92