
UBS Agrees To Emergency Rescue Of Credit Suisse
Prashant Trivedi
0 min
News
Description
Troubled bank Credit Suisse has been rescued by its Swiss rival UBS in a government-backed deal. <br />Sunday's announcement came after a weekend of emergency talks in Switzerland between the two banks and the country's financial regulators. <br />The Swiss National Bank says the deal was the best way to restore the confidence of financial markets and to manage risks to the economy. <br />Credit Suisse says it was not expecting any disruption to client services.
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UBS Agrees To Emergency Rescue Of Credit Suisse
Prashant Trivedi