3-21-2023 – Understanding the UBS Takeover of Credit Suisse and Impact on Bondholders
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 22 March 2023
⏱️ 46 minutes
🧾️ Download transcript
Summary
Some Credit Suisse bond investors’ stakes were wiped out as Swiss authorities facilitated the mega merger.
Today's Stocks & Topics: Housing Sales, Interest Rates, Treasury Secretary Janet Yellen on Small Banks, Retirement, SWBI - Smith & Wesson Brands Inc., RIO - Rio Tinto PLC ADR, AVUV - Avantis U.S. Small-Cap Value ETF, VVR - Invesco Senior Income Trust, MSFT - Microsoft Corp., PAC - Grupo Aeroportuario del Pacifico S.A.B. de C.V. ADR, META - Meta Platforms Inc., TD Ameritrade, and Charles Schwab Merge.
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Transcript
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| 0:00.0 | This is Invest Talk, independent thinking, shared success. |
| 0:09.0 | Just and client and Steve Peasley, stand ready to take your finance and investment questions |
| 0:14.2 | and share their unbiased answers. |
| 0:18.0 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving |
| 0:23.3 | clients throughout the United States. |
| 0:26.2 | The clarity for your path forward starts now. |
| 0:30.6 | Here is KPP Financial President, Financial Advisor, Steve Peasley. |
| 0:36.2 | Good afternoon everybody and welcome to Invest Talk. |
| 0:40.3 | It is Tuesday, March 21st, 2023, and of course in some parts of the country we're still |
| 0:46.7 | experiencing winter, rain and San Francisco, Los Angeles, Las Vegas, and even Phoenix. |
| 0:53.0 | And even here where I am in Southern California, we have lots of lots of rain and wind |
| 0:56.8 | today. |
| 0:57.8 | Pretty big storm. |
| 0:58.8 | And there was no one Reno, Nevada. |
| 1:01.2 | So winter is still happening. |
| 1:02.7 | I see in the East Coast and the Midwest and the East, there's still rain and snow, I mean |
| 1:08.9 | winter is hanging on. |
| 1:11.2 | But it will change, just like the stock market, things change. |
| 1:16.0 | It just happens all the time. |
| 1:17.8 | We're in the week 12 of 2023 and nothing stands still. |
| 1:23.6 | So you're going to constantly deal with changes. |
| 1:25.8 | And of course you see what happens every day in the market and the fundamentals of what's |
... |
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