UBS to Purchase Credit Suisse
UBS has announced that it has completed a takeover of Credit Suisse after Swiss regulators negotiated the deal.
UBS has announced that it has completed a takeover of Credit Suisse after Swiss regulators negotiated the deal.
In a deal negotiated by the Swiss regulators, UBS offered $1 billion to take over Credit Suisse in an effort to restore trust in the banking system.
To restore confidence in the world’s banking system, UBS is in talks to takeover all or a portion of Credit Suisse.
Credit Suisse saw their stock shares rise over 20% after the bank secured $50 billion in Swiss Francs from the Swiss government.
Geneva, SWZ: Swiss National Bank announced they are ready to provide financial support to Credit Suisse, after the company’s shares fell as much as 30% during the day.
7:23 am: Shares of Credit Suisse has fallen over 20% today causing the U.S. stock market futures to fall on fears of a potential banking crisis. 10:09 am: In early…
Data which was leaked from Credit Suisse files revealed that Credit Suisse has held millions of dollars for strongmen, spies and human rights abusers.