Credit Suisse Shares Plunge 60% And European Bank Stocks Slide After UBS Rescue

Credit Suisse Shares Plunge 60% And European Bank Stocks Slide After UBS Rescue

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European banks bank stocks slid Monday, reinvigorating concerns about the financial system as already-turbulent markets respond to Swiss banking giant UBS purchasing stricken rival Credit Suisse in an emergency deal brokered after the failure of two U.S. banks. UBS announced plans to buy its…

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