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News BreaK Search: Economy
UBS agrees to buy troubled Credit Suisse for more than $2B to ‘secure financial stability'
7 days ago - By New York Post
The Swiss National Bank announced the deal on Sunday, saying that it would “secure financial stability and protect the Swiss economy.”
Read more ...UBS buys rival Credit Suisse to ease turmoil
7 days ago - By Boston Herald
GENEVA, Switzerland - Banking giant UBS is buying its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night.
Berset, who did not specify a value of the deal, called the announcement “one of great breadth for the stability of international finance. An uncontrolled collapse of Credit Suisse would lead to incalculable consequences for the country and the international financial system.”
The Swiss president said the council had agreed to guarantee a total of 150 billion francs of liquidity to...
Read more ...Banking Giant UBS Is Acquiring Smaller Rival Credit Suisse
7 days ago - By Time
BERN, Switzerland - Banking giant UBS is buying its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night.
Swiss president Alain Berset, who did not specify a value of the deal, called the announcement “one of great breadth for the stability of international finance. An uncontrolled collapse of Credit Suisse would lead to incalculable consequences for the country and the international financial system.”
Credit Suisse is designated by the Financial Stability Board, an international body that...
Read more ...Swiss president announces plan for Swiss bank UBS to take over troubled rival Credit Suisse
7 days ago - By ABC News
Read more ...
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