Mar 19th, 2023

Credit Suisse Takeover by UBS Is a Bailout: El-Erian

Mohamed El-Erian, president at Queens College Cambridge and Bloomberg Opinion columnist, says of UBS Group AG’s deal to purchase Credit Suisse Group AG “yeah, it was a bailout,” but, “of the available options, this was the best one that they could have had.” He speaks on a special edition of “Bloomberg Surveillance.” His opinions are his own