Contagion Risks Remain After UBS-Credit Suisse Deal, AMP Says
Shane Oliver, head of investment strategy and chief economist at AMP, discusses UBS Group AG's agreement to buy Credit Suisse Group AG, the implications for financial markets. UBS is paying 3 billion francs ($3.3 billion) for CS in an all-share deal that includes extensive government guarantees and liquidity provisions. Oliver speaks with Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak: Asia." (Source: Bloomberg)