Banking giant UBS acquiring Credit Suisse for $3.2 billion

Banking giant UBS acquiring Credit Suisse for $3.2 billion

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ViewBanking giant UBS is buying its smaller rival Credit Suisse for $3.2 billion in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night.

Berset called the announcement "one of great breadth for the stability of international finance. An uncontrolled...

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