Biggest Swiss Bank UBS Agrees To Buy Crisis-Hit Credit Suisse In Historic Deal | Read
UBS will take over its troubled Swiss rival Credit Suisse for $3.25 billion following crunch talks Sunday aimed at stopping the stricken bank from triggering a wider international banking crisis. The government said the deal involving Switzerland's biggest bank taking over the second-largest, was vital to prevent irreparable economic turmoil spreading throughout the country and beyond.
