Credit Suisse opens as usual in Hong Kong after US$3.25 billion takeover by UBS, in a sign that Europe's banking rout is under control

Credit Suisse opened for business as usual in Hong Kong on Monday, after being taken over by its Swiss rival UBS in a US$3.25 billion weekend buyout brokered by the Swiss central bank to prevent a spillover of its crisis to the global banking system. Credit Suisse has a single branch location in…

#hongkong #ubs #sfc #hkma #ubsgroup #colmkelleher #axellehmann #bern #switzerland #hangseng