Location:
HONG KONG
Post Date:
Mar 22, 2023 4:48 PM
TAG ID:
eyepress120331
(RM)
Credit:
Alan Siu Mui Lun/Newscom
Format:
7200 x 4800 Color JPEG
Photographer:
Alan Siu Mui Lun
Release Status:
No Model Release, No Property Release
Caption:
A branch of Swiss banks UBS in Hong Kong on Tuesday March 22, 2023. The Swiss government forced through a takeover of Credit Suisse by its rival UBS on Sunday March 19, 2023 for almost $3.25bn (�2.65bn) � well below its market value at the time � amid fears its collapse could trigger a banking crisis. UBS has bought fellow banking giant Credit Suisse in a deal that will create a bank with an $80B commercial real estate loan book and more than $100B of real estate assets under management � making it the fourth-largest CRE lender in the world � but the key element of the deal for CRE is whether it can stop liquidity drying up in the banking system. (Alan Siu/EYEPRESS)