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The Independent UK
The Independent UK
National
Thomas Kingsley and Matt Mathers

FTSE 100 falls after Credit Suisse sold to UBS in emergency rescue deal

Credit Suisse UBS Asia Michael Hewson Hong Kong
PA Archive

Britain’s FTSE 100 plunged by nearly 2 per cent in early morning trading on Monday despite UBS’s £2.7 billion rescue deal to save troubled lender Credit Suisse.

The takeover, announced on Sunday night, failed to convince spooked investors concerned about another meltdown in the global banking system, with 129 points shaved off the value of the 100 biggest firms listed in the UK.

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