UBS to take over Credit Suisse, Swiss central bank confirms

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

GENEVA — 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.

Live views from Zurich as Swiss bank Credit Suisse taken over by rival UBS

Watch live from Zurich as news breaks that Credit Suisse will be taken over by its larger rival, UBS.

Swiss bank UBS steps in amid Credit Suisse crisis

A $50 billion Swiss franc line of credit from the Swiss Central Bank was not enough to save Credit Suisse. The threat of a global banking meltdown became real in the minds of regulators and politicians. Switzerland's other banking giant UBS stepped in.

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 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

UBS-Credit Suisse deal casts shadow over Switzerland

UBS Group has emerged as Switzerland's one and only global bank with a state-backed rescue of its smaller peer Credit Suisse, a risky bet that makes the Swiss economy more dependent on a single lender.