Meanwhile, in Switzerland...

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 20 March 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

(0:21) Jason Moser discusses: - UBS buying Credit Suisse for $3.2 billion - The ripple effects of everyone checking with their bank - Why Amazon's latest layoff announcement has him looking at the revenue-per-employee metric (13:58) Ricky Mulvey catches up with Jacob Goldstein, host of the podcast "What's Your Problem?" to talk about bank runs, why they happen, and how businesses could potentially prepare for them. Companies discussed: UBS, CS, AMZN, SIVB Host: Chris Hill Guests: Jason Moser, Jacob Goldstein Producer: Ricky Mulvey Engineers: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We've got another round of tech layoffs and of course the latest drama in the banking
0:09.5	industry.
0:10.5	Motifull Money starts now.
0:14.8	I'm Chris Hill joining me today, Motifull Senior Analyst Jason Moser.
0:25.2	How are you?
0:26.2	It's Monday.
0:28.2	I'm doing well.
0:29.2	How are you?
0:30.2	I'm fine.
0:31.2	I'm just sort of smiling audibly because we are back where we were a week ago today, which
0:41.0	is the situation is fluid and banking continues to dominate the investing headlines.
0:49.2	And this time it is overseas where the big story is Credit Suisse is being acquired by UBS
0:58.1	and a deal worth $3.2 billion.
1:03.2	The deal reportedly orchestrated by the Suisse Central Bank, Suisse regulators.
1:09.0	And this is for a lot of reasons.
1:13.0	These are two banks that we don't pay a ton of attention to, but because of the size
1:18.0	of the deal, because of the influence, because a lot of investors just sort of woke up to
1:22.6	this news Monday morning, naturally one of the questions is what ripple effects if any
1:31.6	come from this?
1:32.7	As you watch this playing out across the sea, what goes through your mind?
1:37.4	Definitely.
1:38.4	We spent the last couple of weeks assessing sort of the situation here domestically watching
	...

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