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UBS to buy Credit Suisse for nearly $3.25B to calm turmoil

Por: Associated Press Business March 19, 2023

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.Swiss authorities pushed for UBS to take over its smaller rival after a plan for Credit Suisse to borrow up to ($54 billion) failed to reassure investors and the bank’s customers. Shares of Credit Suisse and other banks plunged... + full article



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