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Viewsroom

Viewsroom: Credit-UBS, Bernard Arnault and Japan

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 17 September 2020

⏱️ 23 minutes

🧾️ Download transcript

Summary

A merger of Credit Suisse and UBS has some merits on paper, but would be bloody in practice, says Liam Proud. Plus, the LVMH billionaire’s impeccably ruthless dealmaking is on full display with the Tiffany takeover. Pete Sweeney and Sharon Lam discuss Japan’s new man at the helm. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hear that? It's your big McDonald's hunger calling, because the Big Arch is back, and this time it's here to stay with juicy beef, cheddar cheese and that Big Arch sauce.

0:09.9

Hungry, you are now.

0:11.6

Order delivery on the McDonald's app.

0:15.0

Serve from 11am, upcharges and fees apply to delivery orders.

0:17.9

Subjects availability, price and participation may vary.

0:19.9

The views expressed on this podcast are those of the participants, not of Roiders' news.

0:30.1

Welcome to the Views Room, a weekly podcast brought to you by Reuters Breaking Views.

0:34.5

I'm Rob Cox, the editor of Breaking breaking views, coming to you today from Switzerland.

0:38.1

We took a break for a few weeks, but we're back in action, just in time for a resurgence in dealmaking.

0:43.5

First, I check in with Liam Proud in London to discuss a story that is actually royaled,

0:48.1

well, the Swiss financial scene here and beyond, and that's the idea of a merger between

0:52.3

UBS and Credit Suisse.

0:57.5

The basic idea is that it's interesting on paper.

1:02.3

There's lots of financial advantages, potentially, but it would be bloody in practice.

1:10.3

Liam then turned the tables to ask me about a column I wrote this week on the impeccably ruthless deal-making of LVMH boss Bernard Arnaud, who's trying to wriggle out or get a better deal on his takeover of $16 billion Tiffany.

1:16.5

Finally, Sharon Lamb spoke to Pete Sweeney about Yoshihide Suga, who's set to replace Shinso Abe as Prime Minister of Japan.

1:23.8

Give a listen.

1:25.6

Liam Proud. How are you?

1:27.8

I'm good. How are you are you? I'm good.

1:28.5

How are you, Rob?

1:29.3

I'm fine.

1:30.0

I was really interested.

...

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