The Daily Chase: UBS to buy Credit Suisse for US$3.2B; Market volatility continues - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 50%

United States News News

United States United States Latest News,United States United States Headlines

The Credit Suisse crisis finally has something of a conclusion after UBS Group agreed over the weekend to buy its longtime Swiss rival for US$3.2 billion after a crisis of confidence rocked Credit Suisse.

Credit Suisse crisis finally has something of a conclusion after UBS Group agreed over the weekend to buy its long-time Swiss rival for US$3.2 billion

European markets were markedly lower in earlier trading, though have since recovered much of those losses, while U.S. futures have been oscillating to start the week.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in US

United States United States Latest News, United States United States Headlines