Swiss bank Credit Suisse was purchased by a rival Swiss bank UBS today for roughly $3 billion in an emergency deal that likely saved Credit Suisse from going bust. We begin tonight's program by ...

BERLIN — UBS said Monday that it has completed its takeover of embattled rival Credit Suisse, nearly three months after the Swiss government hastily arranged a rescue deal to combine the country ...

The government money will not come for free, as UBS must pay various setup and maintenance fees plus premiums on any money drawn. The deal covers portfolio of Credit Suisse assets that were ...

UBS Group AG has struck a deal to buy Credit Suisse—a rival Swiss bank rocked by financial turmoil—for over $3 billion, the two banks announced Sunday, as bank executives and Swiss officials ...

LONDON (AP) — Credit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price. But European bank stocks and ...

UBS agreed to buy its embattled rival Credit Suisse. But not everyone was convinced it was a good idea. At the time, investors were "very concerned" about the complexity of the deal and whether ...

The Swiss authorities said they would allow UBS to reduce its AT1 bond holdings by around $8bn, leaving it with an $18bn net ...

Switzerland's largest bank UBS saw profits soar in its second quarter ... mainly to its integration with one-time rival Credit Suisse. The results are the first since the formal merger was ...

At present, UBS is required to match 60 per cent of the capital at its international subsidiaries — such as the US and UK — with capital at the parent bank. Forcing the lender to match the entire ...

However, Credit Suisse weathered the 2008 financial crisis without assistance, unlike UBS. As part of the deal, approximately 16 billion francs ($17.3 billion) in higher-risk Credit Suisse bonds ...