UBS says it was rushed into unwanted Credit Suisse rescue merger

HONG KONGĀ  – UBS Group AG was rushed into buying cross-town rival Credit Suisse Group AG in a deal it did not want, as a global bank crisis worsened the latter’s finances and prompted authorities to take swift action, a regulatory filing showed. UBS, in a Tuesday filing to the U.S. Securities and Exchange Commission, … Continue reading UBS says it was rushed into unwanted Credit Suisse rescue merger