UBS swallows doomed Credit Suisse, casting shadow over Switzerland

LONDON  – 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. The unprecedented move announced late on Sunday in Zurich capped a race against time by regulators to avert a … Continue reading UBS swallows doomed Credit Suisse, casting shadow over Switzerland