UBS seals Credit Suisse takeover in bid to calm markets - Shahpur Turk CSC - Common Service Centre in Sonipat UBS seals Credit Suisse takeover in bid to calm markets

20 March 2023

UBS seals Credit Suisse takeover in bid to calm markets

In what is being described as the "merger of the century", UBS Group sealed a deal to buy Swiss bank Credit Suisse in a historic, government-brokered deal, to avoid further market-shaking turmoil in global banking, Swiss authorities said on Sunday. 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.

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