UBS buys Credit Suisse with SNB assistance
UBS Group has agreed to acquire Credit Suisse Group with the help of liquidity assistance from the Swiss National Bank. Under the terms of the merger agreement, Credit Suisse shareholders will receive one share in UBS for 22.48 shares in Credit Suisse, valuing the deal at around $3.2 billion. The Swiss government is providing 9 billion Swiss francs to backstop potential losses that UBS may incur. The merger comes amid…









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