UBS's takeover of Credit Suisse failed to reassure markets
14 Articles
14 Articles
Markets cool after UBS’ takeover Credit Suisse
Global markets have stabilised overnight, following a drop in share prices after the UBS-Credit Suisse deal. Sky News Business Reporter Edward Boyd says let's not say “everything’s over just yet” as it's only been one day of trading. “That was the big fear that the collapse of one bank in America led to the collapse of Credit Suisse in Switzerland, and then that could just be a series of dominos that would start to fall around the world,” Mr Boy…
Is the UBS takeover of Credit Suisse good for the Swiss economy?
By far the most surprising news of the weekend in Switzerland has been the takeover of Credit Suisse by its larger — and more financially stable — rival, UBS. But what does this mean for the country — and your bank accounts?
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