The Latest Breaking News from Credit Suisse

More global banking drama. The Swiss banking giant UBS has acquired its rival Credit Suisse for £2.6 billion in an emergency rescue deal.

The Swiss lender with nearly $575 billion in total assets collapsed at first slowly, then all at once.

The Metropolitan Police. The Democratic Unionist Party. Xi Jinping in Moscow. Boris Johnson at the Privileges Committee. UBS acquiring Credit Suisse. Beavers marauding around Ealing. There is always something going on that seems more urgent than climate change. More ‘newsy’. I mean, what’s another UN report or additional tonne of…

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Switzerland's two biggest political parties sharply criticized UBS's takeover of Credit Suisse saying multi-billion state support for the deal created enormous risks for the country.