UBS to take over Credit Suisse, Swiss central bank confirms
346 Articles
346 Articles
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
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