Banking giant UBS to buy up troubled Credit Suisse to prevent it collapsing
The move was announced by Swiss president Alain Berset, who did not specify a value of the deal. 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