[ad_1] FRANKFURT, Germany (AP) — In a bid to ease turmoil in the world financial system, Swiss authorities engineered a plan for the UBS bank to acquire its troubled smaller…
Tag: Switzerland government
UBS completes takeover of Credit Suisse in deal meant to stem global financial turmoil
[ad_1] BERLIN (AP) — UBS said Monday that it has completed its takeover of embattled rival Credit Suisse, nearly three months after the Swiss government hastily arranged a rescue deal…
UBS to buy Credit Suisse for nearly $3.25B to calm turmoil
[ad_1] 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…
UBS confident about Credit Suisse deal despite ‘huge’ risk
[ad_1] GENEVA (AP) — The UBS chairman voiced confidence Wednesday that the Swiss bank will succeed in a government-engineered takeover of hobbled rival Credit Suisse, pledging the deal will reduce…