Swiss Lower House Votes Against UBS-Credit Suisse Deal

The transcript discusses the controversial merger between UBS and Credit Suisse, highlighting the political and public opposition in Switzerland. Despite the symbolic vote against government guarantees, the deal is set to proceed. Analysts and markets favor the merger due to UBS's increased assets and potential in wealth management, which is expected to enhance its business model and financial standing.

What was the main reason for the extraordinary session of Parliament regarding the UBS and Credit Suisse merger?

• To approve a new economic policy

• To announce new banking regulations

• To discuss the opposition and government guarantees

• To celebrate the merger

What was the outcome of the lower house vote on the government guarantees for the merger?

• The vote was inconclusive

• The vote was postponed

• The vote was against the guarantees but symbolic

• The vote was in favor of the guarantees

Why do analysts and markets favor the UBS and Credit Suisse merger?

• It will decrease UBS's assets

• It will make UBS a leader in wealth management

• It will reduce UBS's market share

• It will increase banking regulations

What is the expected impact on UBS's assets after the merger?

• UBS's assets will double the Swiss economic output

• UBS's assets will remain the same

• UBS's assets will decrease

• UBS's assets will be halved

How did UBS benefit from acquiring Credit Suisse assets?

• They lost money on the acquisition

• They paid a high price for the assets

• They did not acquire any assets

• They acquired the assets at a low cost