UBS Rescues Credit Suisse in a Swiss Government-Brokered Deal
In one of the biggest bank mergers, The Union Bank of Switzerland, better known as UBS, has taken over the 167-year-old Credit Suisse on March 19 for $3.25 billion. The Switzerland government-backed deal came after a weekend consisting of emergency dialogues between the two banks and the country’s financial regulators. The government-brokered deal was aimed […]