UBS agrees on “emergency bailout” of Credit Suisse to acquire Credit Suisse for approximately 420 billion yen
Swiss bank UBS has agreed to rescue its struggling domestic rival Credit Suisse. Negotiations aimed at avoiding the bankruptcy of Credit Suisse were completed with the support of the Swiss government. UBS, Credit Suisse and Swiss financial regulators held emergency talks over the weekend about rescuing Credit Suisse. Later, UBS announced that it had agreed […]