NEW YORK -- UBS will take over Credit Suisse in a historic deal, leading to a consolidation of longtime rivals in Switzerland.
Finance
UBS to take over Credit Suisse in historic $3.2bn rescue deal
Longtime Swiss rivals to merge as authorities scramble to calm loss of confidence
"This takeover was made possible with the support of the Swiss federal government, the Swiss Financial Market Supervisory Authority (FINMA) and the Swiss National Bank," the central bank said in a statement. © Reuters
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