Twitter CEO Elon Musk has expressed his shock that investment banking company UBS would get a $100 billion emergency credit line as part of a $2 billion deal to buy rival Credit Suisse.
Taking to Twitter, Musk responded to a tweet linking to an article reporting on the deal between the two financial institutions which was announced on March 19.
“So UBS buys Credit Suisse, shareholders don’t get a vote, UBS gets $100 billion credit line from central bank…,” Twitter user Wall Street Silver posted alongside the link. “Crazy times this week. Band-aids flying everywhere to keep the system from falling apart.”
“$100 billion line…wow,” SpaceX founder and Tesla CEO Musk replied….