Will Ubs News Today

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...

that the countrys biggest bank, ubs, has taken over its troubled rival — credit suisse — in an emergency measure designed to protect the swiss economy. credit suisse has seen its value plummet over the last week due to fears about the companys financial health. regulators in switzerland had spent the day trying to pave the way for a deal to be struck before the financial markets open tomorrow. heres the swiss president alain berset speaking at a press conference a short time ago. o...

the government of switzerland says that the countrys biggest bank, ubs, has taken over its troubled rival — credit suisse — in an emergency measure designed to protect the swiss economy. credit suisse has seen its value plummet over the last week due to fears about the companys financial health. regulators in switzerland had spent the day trying to pave the way for a deal to be struck before the financial markets open tomorrow. heres the swiss president alain berset speaking at a p...