UBS offers to buy Credit Suisse for up to $1 billion - FT

Why $17 billion in Credit Suisse bonds became worthless

Credit Suisse’s “CoCo” bonds did exactly what they were designed to do: Transfer all the risk of debt from the bank to bondholders.

UBS Agrees to Buy Credit Suisse for $3 Billion: What’s Next

Swiss bank UBS agreed to take over its longtime rival Credit Suisse as authorities seek to halt a dangerous decline in confidence in the global banking system. WSJ’s Patricia Kowsmann explains how the deal unfolded and what might come next. Photo: Hannah McKay/Reuters

UBS to buy Credit Suisse for nearly $3.25B to calm turmoil

GENEVA (AP) — Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system. Swiss authorities pushed for UBS to take over its smaller rival after a plan for Credit Suisse to borrow up to 50 billion francs ($54 billion) failed to reassure investors and the bank’s customers. Shares of Credit Suisse and other …

UBS to Buy Credit Suisse for Nearly $3.25B to Calm Turmoil

GENEVA (AP) — Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system.

UBS to buy Credit Suisse for $3.2 billion to rein in turmoil

While smaller than its Swiss rival UBS, Credit Suisse still wields considerable influence, with $1.4 trillion assets under management.

UBS to buy Credit Suisse for nearly $3.25B to calm turmoil

By JAMEY KEATEN and KEN SWEET (Associated Press) GENEVA (AP) — Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system. Swiss authorities pushed for UBS to take over its smaller rival after a plan for Credit Suisse to borrow up to 50 billion francs ($54 billion) failed to reassure investors and the ban…