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	Podcast:		The Mike Hosking Breakfast
	Episode:		Greg Smith: Devon Funds Management Head of Retail on the future of Credit Suisse
	Category:		News & Politics
	Duration:		00:05:11
	Publish Date:		2023-03-19 18:55:03
	Description:		Uncertainty in Switzerland as the country's second largest bank hopes to secure its future. UBS —the country's largest— is offering to pay around 1.8-billion-New Zealand-dollars for full or partial control of Credit Suisse. Regulators have been racing to save the 167-year-old bank, hoping to secure a deal before the markets reopen tonight at 6pm NZ time. Devon Funds Management's Greg Smith told Mike Hosking that there are many scenarios that could play out. He says with a full or partial nationalisation of the bank as a backstop on the cards, there's a bit of a balancing act going on to secure a deal. LISTEN ABOVE See omnystudio.com/listener for privacy information.
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