BERN, Switzerland Banking giant UBS is buying its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night.Swiss president Alain Berset, who did not specify a value of the deal, called the announcement one of great breadth for the stability of international finance.
#necessarily #regulations #switzerland #sunday-night #interest-rates #acquisitions #federal-reserve #financial-crisis #hedge-funds #financial-system
[
add
]
[
|
|
...
]