UBS shares plunged by almost nine percent as markets opened Monday (Representational)
Zurich:
UBS shares plunged by almost nine percent as markets opened Monday, a day after the announcement it will take over its troubled Swiss rival Credit Suisse for $3.25 billion.
Shares of Credit Suisse opened almost 64 percent lower, well below the UBS takeover price in a deal aimed at preventing a wider international banking crisis.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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