Forex Today: Markets Jittery Despite UBS Takeover of Credit

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Forex Today: Markets Jittery Despite UBS Takeover of Credit Suisse -

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BlackRock is working on a rival takeover bid for Credit Suisse, Financial Times reportsIt follows an earlier report in the Financial Times that UBS is in talks to take over all or part of the embattled Swiss lender. Is Black Rock our friend? Monopolies are bad for the economy and consumers. A takeover bid by BlackRock would further consolidate power in the hands of a few, leading to a lack of diversity and competition in the finance industry.
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