UBS buys Credit Suisse to avoid crisis in the global financial system | Banking services

UBS buys Credit Suisse to avoid crisis in the global financial system |  Banking services

To bring back memories of the 2008 global financial crisis, in which the authorities of many countries were looking, in a race against time and against the markets, for emergency solutions to failing banks, Switzerland this weekend saw its second largest bank buyout, the Swiss Central Bank. The historic Credit Suisse bank, to prevent it from going bankrupt with contagion effects for the rest of the world’s banks.

By Andrea Hargraves

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