The key takeaways from UBS Group’s historic Credit Suisse deal

The key takeaways from UBS Group’s historic Credit Suisse deal

UBS is paying 3 billion francs ($3.24 billion) for its battered rival in a deal aimed at avoiding a broader financial crisis.

UBS takes over Credit Suisse: 10 things to know about this historic deal

UBS takes over Credit Suisse: The deal follows the collapse of two large U.S. banks last week that spurred a frantic, broad response from the U.S. government to prevent any further panic

UBS takes over Credit Suisse in move to calm the markets

The deal, in which Switzerland's biggest bank will take over the second-largest in the country, was vital to prevent irreparable economic turmoil spreading throughout the country and beyond, the Swiss government said.

Here Are Key Takeaways From UBS’s Historic Credit Suisse Deal

An emergency ordinance, a government backstop, and shareholders coming out better than some bondholders: UBS Group AG’s government-brokered deal to buy Credit Suisse Group AG is historic, complex and unique.

UBS takes over Credit Suisse in historic deal

UBS takes over Credit Suisse in move to calm the markets

UBS will take over its troubled Swiss rival Credit Suisse for $3.25 billion following crunch talks Sunday aimed at stopping the stricken bank from triggering a wider international banking crisis. The deal, in which Switzerland's biggest bank will take over the second-largest in the country, was vital to prevent irreparable economic turmoil spreading throughout the country and