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 can buy Credit Suisse for 1 billion dollars today, it is estimated that the deal will be completed by the evening

Credit Suisse Bank Crisis: Switzerland's largest bank UBS Credit Suisse (Credit Suisse) has come forward to save the bank from drowning and according to reports, the deal can be completed by this evening.

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.