Published 1 year ago

UBS to take over Credit Suisse, Swiss central bank confirms

Summary by Sky News UK

UBS will take over Credit Suisse, the Swiss central bank has confirmed.The takeover deal comes after the 167-year-old bank was brought to the brink of financial calamity last week despite securing a $54bn (£44bn) credit line from Switzerland's central bank.

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Times of India

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

International Business News: GENEVA: Banking giant UBS is buying troubled rival Credit Suisse for almost $3.

1 year ago·India

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BBC News

UK banking system 'safe' after Credit Suisse rescue

Despite the swift action by regulators, stock markets in the UK and Asia fell.

1 year ago·United Kingdom

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News18 India

Swiss Banking Giant UBS Takes over Credit Suisse for $3.24 Billion in Shares

On Sunday, Credit Suisse said in a statement said that UBS will take over stricken rival Swiss bank Credit Suisse for "a merger consideration of three billion Swiss francs", ($3.24 billion).

1 year ago·India

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The Hindu

UBS agrees to buy Credit Suisse for $2 billion: report

The two largest banks in the wealthy Alpine nation famed for its banking prominence have been in negotiations throughout the weekend, with the government, the central bank and financial regulators all involved.

1 year ago·India

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The Independent

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.

1 year ago·London, United Kingdom

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CBC News

Canada among central banks banding together to calm markets after UBS deal to buy Credit Suisse

UBS will buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($4.4 billion Cdn) and assume up to $5.4 billion in losses in a shotgun merger engineered by Swiss authorities that won applause from other central bankers keen to avoid further market-shaking turmoil.

1 year ago·Canada

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