UBS says it will buy embattled investment bank Credit Suisse for more than $3 billion and assume more than $5 billion in losses. Financial Times’ Arash Massoudi explains the latest. Plus, regulators are looking to shore up investor confidence in regional banks across the United States. Argus Research’s Stephen Biggar and Piper Sandler’s Stephen Scouten discuss the latest developments. And, ahead of what has historically been the busiest time for housing, what does the demand picture look like? Housing Wire’s Logan Mohtashami weighs in.
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