Credit Suisse is also telling staff that their roles are "not immediately impacted" after UBS sealed a deal to acquire the 167-year-old lender.
Shares in Credit Suisse dropped 61.95% in premarket trading in Zurich on Monday after rival UBS agreed at the weekend to take over the 167-year old bank for $3 billion.
UBS can handle the risks from taking over Swiss rival bank Credit Suisse , UBS Chief Executive Ralph Hamers told broadcaster SRF.
Cyrus Daruwala of IDC Financial Insights discusses UBS' deal to buy Credit Suisse in a $3.2 billion takeover.
Asia Pacific markets edged slightly lower on Monday morning as investors reacted to news of a Credit Suisse bailout by its bigger rival UBS.

UBS to Buy Credit Suisse

10:37pm, Sunday, 19'th Mar 2023
Bloomberg's Francine Lacqua reports on the UBS-Credit Suisse deal from Bern, Switzerland.
UBS Group emerged as Switzerland's one and only global bank with a state-backed rescue of its smaller peer Credit Suisse, a risky bet that makes the Swiss economy more dependent on a single lender.

Dennis Lockhart on UBS-CS Deal

08:44pm, Sunday, 19'th Mar 2023
Dennis Lockhart, Former President of the Federal Reserve Bank of Atlanta, discusses the key takeaways from UBS's historic Credit Suisse deal. He speaks with Shery Ahn, Haidi Stroud-Watts and Kathleen

UBS to buy Credit Suisse for $3.2 billion

08:24pm, Sunday, 19'th Mar 2023
UBS Group AG (NYSE: UBS) has agreed to acquire its struggling rival Credit Suisse Group AG (NYSE: CS) for $3.2 billion – a “commercial solution” aimed at helping the latter pull out of the ongoi
Swiss Finance Minister Karin Keller-Sutter was determined to present the deal for UBS to buy Credit Suisse as no bailout but the best possible solution to a difficult situation.
Financial markets are poised for relief on Monday after UBS Group AG agreed to buy Credit Suisse Group AG in a rescue orchestrated by the state and major central banks announced a co-ordinated move to
Buckle up. Asian markets are set for a volatile open on Monday after Swiss authorities said UBS is taking over Credit Suisse, a forced merger investors hope will ease the strain on the global banking
Finma Chief Urban Angehrn says US regulators support the UBS deal to buy Credit Suisse for $3.3 billion. He speaks to Bloomberg's Francine Lacqua in Switzerland.
"I'm not in love with what happened in Switzerland today, says Peter Tchir, head of macro strategy at Academy Securities, as he discusses UBS Group AG's deal to purchase Credit Suisse Group AG on a sp
UBS is buying Credit Suisse for $3.3 billion. The Swiss Finance Minister says this "is not a bailout.
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