UBS agrees to buy Credit Suisse in shotgun merger

Name: UBS agrees to buy Credit Suisse in shotgun merger
Uploaded: 2023-03-20T02:47:13+00:00
Duration: 1 min 58 s
Channel: The Star
Description: UBS will buy rival Swiss bank Credit Suisse for US$3.23 billion and assume up to US$5.4 billion in losses, in a shotgun merger engineered by Swiss authorities that won applause from other central bankers keen to avoid further market-shaking turmoil.<br /><br />WATCH MORE: https://thestartv.com/c/news<br />SUBSCRIBE: https://cutt.ly/TheStar<br />LIKE: https://fb.com/TheStarOnline

The Star

UBS will buy rival Swiss bank Credit Suisse for US$3.23 billion and assume up to US$5.4 billion in losses, in a shotgun merger engineered by Swiss authorities that won applause from other central bankers keen to avoid further market-shaking turmoil.  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

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