Bank Crisis: UBS Buys Credit Suisse; U.S. Bank Upgraded, PacWest, N.Y. Community Bank Rally
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The bank crisis continued to unfold Monday as UBS (UBS) agreed on Sunday to buy Credit Suisse (CS), but the Swiss bank isn't in the clear yet. Elsewhere, First Republic (FRC) tumbled as it plots a stock sale and U.S. Bancorp (USB) jetted higher on an upgrade. The FDIC secured a deal to sell most…
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