Stocks Mixed As UBS Buys Credit Suisse; First Republic Plunges
The Dow Jones Industrial Average rallied 300 points Monday as UBS (UBS) agreed to buy Credit Suisse (CS) in a bid to restore confidence in the banking system. Meanwhile, First Republic Bank (FRC) plunged 20% on a credit rating downgrade. Over the weekend, Swiss regulators brokered a deal for UBS…
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