First published MAR 20, 2023 Updated 2 hours ago Investing The name's Bond – unhedged Treasury bond. argues that bond traders have again become sexy, for all the wrong reasons. Analysis:  Giant Swiss bank UBS has agreed to buy its rival Credit Suisse for 3 billion Swiss francs (US$3.23 billion) and to assume up to $5.4 billion in losses, in a shotgun merger engineered by Swiss authorities to avoid, in Reuters' words, further market-shaking turmoil in global banking. This morning's announcement is the latest chapter in the story of Credit Suisse – fast becoming a new Bonfire of the Vanities .

https://www.newsroom.co.nz/credit-suisse-is-the-car-crash-in-its-own-bonfire-of-the-vanities

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