UBS to buy Credit Suisse in historic deal to end crisis: Report

In what is being described as the "merger of the century", UBS Group on Sunday agreed to buy Credit Suisse Group for $2 billion in a historic, government-brokered deal.The deal, aimed at containing a crisis of confidence that threatened to spread across global financial markets, came after a hectic day of negotiations between the two lenders.

from Times of India https://ift.tt/JyoRA1h