Standard Chartered CEO: Credit Suisse sale to UBS was ‘surprising’
/cloudfront-us-east-2.images.arcpublishing.com/reuters/TEKYL336DFMYLBFJ3CTM2N4FR4.jpg "Standard Chartered CEO: Credit Suisse sale to UBS was ‘surprising’")
DOHA, May 23 (Reuters) – Standard Chartered CEO Bill Winters on Tuesday said the sale of Credit Suisse (CSGN.S) to UBS (UBSG.S) was “surprising” given the “unusual” terms of the deal, which prioritised shareholders over bondholders. “The conclusion was very surprising to me, in terms of the way that the bank was resolved through this … [Read more…]