UBS agreed to purchase Credit score Suisse for $3.25bn after a frantic weekend of negotiations brokered by Swiss regulators to safeguard its banking system and try to stop a disaster spreading throughout world monetary markets.
The historic deal follows 5 days during which the Swiss institution raced to finish a deepening disaster at Credit score Suisse that threatened to topple the nation’s second-largest lender.
An emergency SFr50bn ($54bn) credit score line supplied by the Swiss Nationwide Financial institution on Wednesday…
