Relief over Credit Suisse rescue short-lived as bank shares plummet

Relief over Credit Suisse rescue short-lived as bank shares plummet

Banking stocks and bonds plummeted on Monday after UBS Group sealed a state-backed takeover of troubled peer Credit Suisse Group AG, a deal that was orchestrated in an attempt to restore confidence in a battered sector.

Bank shares rise after Credit Suisse rescue eases crisis

Credit Suisse, UBS shares plunge after takeover announcement

The deal follows the collapse of two large US banks last week that spurred a frantic, broad response from the US government to prevent further panic.

Credit Suisse shares fall, but UBS deal raises hope on banks

LONDON (AP) — Credit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price.

Credit Suisse shares fall, but UBS deal raises hope on banks

LONDON (AP) — Credit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price.

Deal for UBS to buy Credit Suisse sends shares tumbling

LONDON (AP) -- Credit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price. But European bank stocks and the wider market gained as investors watch whether moves to shore up banks will stem further upheaval in the global banking system. Shares of Credit Suisse, whose woes stem from questions over its internal controls, fell 60% a day after UBS said it would…