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.
Comment on Banking Giant UBS Is Acquiring Smaller Rival Credit Suisse
JAMEY KEATEN and KEN SWEET / AP, Time: Business
Sun, 03/19/2023 - 12:11pm
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