BBCNEWS BBC News July 6, 2024
the financial times is reporting that the swiss bank ubs has offered to buy its rival, credit suisse, for more than $2 billion. the swiss government is due to hold a press conference in about half an hours time in bern. credit suisse had been caught up in the market uncertainty triggered by the collapse, nine days ago, of americas silicon valley bank. it had been offered an emergency credit facility of more than $50 billion by switzerlands central bank, but that had not prevented a sha...
Source: archive.org