Worried bank Credit Suisse has been rescued by its Swiss rival UBS in a executive-backed deal.
The announcement got right here after a weekend of emergency talks in Switzerland between the two banks and the country’s monetary regulators.
The Swiss Nationwide Monetary institution said the deal used to be the supreme design to revive the self perception of business markets and to retain a watch on dangers to the financial system.
It comes as considerations grows over the soundness of the realm banking design.
Jane Hill items BBC Files at Ten reporting by commercial editor Simon Jack.
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