UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system

TL;DR

The terms of the deal will see Credit Suisse shareholders receive 1 UBS share for every 22. The losses came despite a new loan of up to 50 billion Swiss francs ($54 billion) granted from the Swiss central bank last week, in an effort to halt the slide and restore confidence in the bank. Global Business and Financial News, Stock Quotes, and Market Data and Analysis

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