Credit Suisse Rescue Brings Short-Lived Relief as Bank Shares Plummet
On Monday, there was a sharp decline in banking stocks and bonds following the announcement of UBS Group AG’s acquisition of Credit Suisse Group AG. The deal was orchestrated by Swiss regulators in an attempt to restore confidence in the sector, and UBS will pay 3 billion Swiss francs ($3.23 billion) for Credit Suisse and […]