Central Banks Intervene After UBS Agrees to Buy Credit Suisse in Historic Deal
Major central banks around the world acted on Sunday to prevent a banking crisis from spreading, following Swiss authorities’ success in persuading UBS Group AG to buy its rival Credit Suisse Group AG in a landmark deal. UBS will acquire the 167-year-old Credit Suisse for 3 billion Swiss francs ($3.23 billion) and take on up […]