Credit Suisse Merges With Rival UBS in Takeover Deal
The €3.03 billion sale is intended to stave off a breakdown in confidence—following recent bank collapses in the U.S.—from spilling over.
The €3.03 billion sale is intended to stave off a breakdown in confidence—following recent bank collapses in the U.S.—from spilling over.
Credit Suisse is the first global systemically crucial financial institution since the financial crisis of 2008 to receive a central bank lifeline.