UBS's new PE= 231

will be the new PE starting out

CS lost $7 billion

UBS made $7.3 billion

check my numbers

MC UBS 69.4B

PE = 69.4B/0.3B = 231

initially it will seem like a shot to the foot, but they will layoff people and close divisions, but function on lower income overall

check my numbers

expecting a 20% drop for a while, maybe more if it doesn't go smoothly

they said it will close within a year, rather slow to close

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Also, seems to me they should have let other banks bid on CS and the stock holders or bond holders might have gotten more money back

fast tricks behind curtains

also, why didn't they bail out CS instead? maybe a good reason?$Credit Suisse Group AG(CS)$