UBS agrees $3.25bn rescue deal for rival Credit Suisse
Regulators engineer takeover of stricken bank by larger Swiss competitor after frantic weekend
| Date: | 12 hours ago |
| Link: | More at "Financial Times" |
| Source: | UK homepage - ft.com |
| Category: | Business |
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UBS agrees to takeover of stricken Credit Suisse for $3.25bn
Swiss government forces through takeover at well below market value amid fears of global banking crisisMillions paid in bonuses to UK SVB staff days after £1 rescueBank runs, bailouts, rescues: are the ghosts of 2008 rising again?The Swiss ...
15 hours ago - The Guardian - World -
FirstFT: UBS to buy Credit Suisse for $3.25bn
Also in today’s newsletter, most of Signature Bank to be acquired by Flagstar owner
5 hours ago - World - World -
UBS agrees to buy banking rival Credit Suisse in emergency rescue
The floundering Credit Suisse bank is set to be acquired by its rival UBS, the largest bank in Switzerland, in an emergency purchase meant to stave off a wider crisis in the global banking system. The $3.2 billion takeover of Credit Suisse by UBS ...
14 hours ago - Just In News | The Hill - Politics -
UBS Agrees to Buy Credit Suisse for More Than $3 Billion
The deal was engineered by regulators and is designed to restore trust in the banking system.
11 hours ago - WSJ.com: US Business - Business -
UBS to buy Credit Suisse for more than $3 billion in deal backed by Swiss government
Struggling Swiss banking giant Credit Suisse has agreed to be bought by its arch-rival UBS at a discount to Friday's close price, after seeing a wave of customer deposits exit the bank.
14 hours ago - MarketWatch.com - Top Stories - Business -
UBS Agrees to Buy Rival Credit Suisse to Shore Up Global Market
In a deal brokered by the Swiss government, Switzerland’s largest bank will buy its smaller rival for about $3.2 billion.
7 hours ago - NYT > Top Stories - Top stories -
UBS agrees to buy rival Credit Suisse
Swiss banking giant UBS has agreed to buy rival Credit Suisse for $3 billion. The deal, brokered by the Swiss government, is aimed at staving off fears of a broader banking collapse.
7 hours ago - Home - CBSNews.com - Top stories -
Bank shares slide after UBS agrees ‘emergency rescue’ of Credit Suisse – business live
FTSE 100 index drops over 1% despite Credit Suisse takeover, while oil price has been hit by recession worries UBS agrees to takeover of stricken Credit Suisse for $3.25bnCentral banks around world move to boost flow of cash amid confidence ...
9 minutes ago - The Guardian - World -
UBS agrees 'emergency rescue' of Credit Suisse
The deal, backed by the Swiss government, follows weekend talks aimed at preventing its collapse.
5 hours ago - BBC News - Home - Top stories -
UBS shares fall after Credit Suisse rescue deal
Analysts say the acquisition will distract the bank’s management and muddy its outlook
1 hour ago - UK homepage - Business -
UBS to buy Credit Suisse for nearly $3.25B to calm turmoil
Swiss President Alain Berset said banking giant UBS is acquiring its smaller rival Credit Suisse for almost $3.25 billion in an effort to avoid further market-shaking turmoil in global banking
9 hours ago - ABC News: International - World -
Swiss president announces plan for Swiss bank UBS to take over troubled rival Credit Suisse
Swiss president announces plan for Swiss bank UBS to take over troubled rival Credit Suisse
15 hours ago - ABC News: International - World -
Credit Suisse bank: UBS is in talks to take over its troubled rival
Emergency talks are underway in Zurich as regulators seek a deal for Credit Suisse before Monday.
21 hours ago - BBC News - Home - Top stories -
'Shotgun wedding': What the UBS rescue of Credit Suisse means for global markets
Despite bold proclamations about a return to stability, the sale of Credit Suisse to UBS does not appear to have laid to rest contagion concerns.
4 minutes ago - US Top News and Analysis - Business -
Asia Pacific markets drop after UBS rescue of Credit Suisse
Asia Pacific markets edged slightly lower on Monday morning as investors reacted to news of a Credit Suisse bailout by its bigger rival UBS.
4 hours ago - CNN.com - RSS Channel - HP Hero - Top stories -
UBS agrees to buy Credit Suisse for more than $2bn
Swiss authorities engineer a deal that will combine the country’s two largest banks
17 hours ago - World - World -
UBS agrees to buy Credit Suisse for more than $2bn
Swiss authorities engineer a deal that will combine the country’s two largest banks
17 hours ago - UK homepage - Business -
UBS shares slide 7%, Credit Suisse craters 61% after takeover deal
UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.
23 minutes ago - US Top News and Analysis - Business -
Saudis, Qataris and Norway to see big losses on UBS deal for Credit Suisse
The Saudi National Bank is nursing big losses after Credit Suisse agreed to be taken over by UBS
2 hours ago - MarketWatch.com - Top Stories - Business -
Credit Suisse shares slump by two-thirds after UBS deal
Credit Suisse shares dropped as much as 65% in early trade after the Swiss bank agreed to be taken over by its rival UBS at a steep discount.
2 hours ago - MarketWatch.com - Top Stories - Business -
Asia's regulators say banking system is robust and stable after UBS-Credit Suisse takeover deal
From Hong Kong to Australia and Singapore, authorities urged that their domestic banking systems were stable.
4 hours ago - US Top News and Analysis - Business -
Market Extra: Here’s why UBS’s deal to buy Credit Suisse matters to U.S. investors
Financial markets will tell the story on Monday of whether UBS's more than $3 billion deal for Credit Suisse is enough to calm down at least one side of the Atlantic.
14 hours ago - MarketWatch.com - Top Stories - Business -
UBS Nears Deal to Take Over Credit Suisse
The talks are part of an urgent effort engineered by Swiss and global authorities to restore trust in the banking system.
22 hours ago - WSJ.com: US Business - Business -
MarketWatch: UBS and regulators rush to seal Credit Suisse takeover deal possibly by Sunday: reports
Credit Suisse, UBS and their key regulators are working out a deal on the merger of Switzerland’s two biggest banks, according to reports on Saturday.
Mar. 18, 2023 - MarketWatch.com - Top Stories - Business -
Shares of Credit Suisse plunge 63%, UBS down 14% after news that UBS will buy Credit Suisse to stave off market turmoil
Shares of Credit Suisse plunge 63%, UBS down 14% after news that UBS will buy Credit Suisse to stave off market turmoil
1 hour ago - ABC News: International - World