There are all sorts of risks involved in the mooted takeover of Credit Suisse by UBS. There’s the risk that more skeletons emerge from Credit Suisse’s cupboard. The risk of merging two intense rivals, with very different cultures. There’s the risk that sorting Credit Suisse’s mess weakens UBS.
But for global markets and financial stability, the biggest risk is clear – that the deal doesn’t get done.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
