The Latest Breaking News from UBS

ASX dives in late afternoon trade as moves to quell banking crisis fail to enthuse investors

Australia was the first major financial centre to react to UBS's takeover of Credit Suisse and coordinated action by central banks to pump more US dollars into the global banking system — and the response was hardly enthusiastic.

ABC News · Mar 19, 2023

UBS to buy Credit Suisse as banking fears persist

Swiss regulators manage takeover of 167-year-old European banking giant.

Axios · Mar 19, 2023

UBS to buy Credit Suisse for nearly $3.25 billion to calm turmoil in banking industry

Credit Suisse’s buyout by UBS was arranged by banking regulators worried that Credit Suisse’s failure could have repercussions similar to the collapse of Lehman Brothers.

Chicago Sun-Times · Mar 19, 2023

World's central banks rally to prevent banking crisis spreading after UBS takes over embattled Credit Suisse

Beleaguered bank Credit Suisse is bought out by Swiss rival UBS, with the nation's president saying an uncontrolled collapse would have had "incalculable consequences" for the international finance system.

ABC News · Mar 19, 2023

Swiss to hold news conference amid Credit Suisse troubles

Swiss leaders are holding a news conference Sunday night following several media reports that banking giant UBS is believed to be in talks to acquire its smaller rival Credit Suisse

The Independent UK · Mar 19, 2023

UBS agrees to buy Credit Suisse for more than $2bn, reports Financial Times

UBS has agreed to buy Credit Suisse after increasing its offer to more than $2 billion, the Financial Times reported on Sunday.

France 24 · Mar 19, 2023

UBS to take over Credit Suisse, Swiss central bank confirms

Swiss President Alain Berset said the deal was one of great breadth for the stability of international finance’

Evening Standard · Mar 19, 2023

UBS offers ‘to buy Credit Suisse for up to $US1 billion’

UBS Group AG has offered to buy Credit Suisse for up to $US1 billion ($1.5 billion), the Financial Times reports.

The New Daily · Mar 19, 2023

UBS agrees to takeover of stricken Credit Suisse for $3.25bn

Swiss government forces through takeover at well below market value amid fears of global banking crisis

The Guardian - UK · Mar 19, 2023

Millions paid in bonuses to UK Silicon Valley Bank staff days after £1 rescue

Workers reported to have received payouts from ‘modest’ pool of £15m-£20m following takeover deal by HSBC

The Guardian - UK · Mar 18, 2023