Category: Breaking News

UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.

S&P cut its credit rating to B+ from BB+ on Sunday after first lowering it to junk status just last week.

Bitcoin jumped on Monday as some investors turned to digital currencies amid a crisis in the traditional banking sector.

UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.

Credit Suisse’s largest shareholder confirmed to CNBC that it had suffered a loss of around 80% on its investment.

UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.

UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.

From Hong Kong to Australia and Singapore, authorities urged that their domestic banking systems were stable.

The $3.2 billion rescue deal came after a weekend of crunch talks, with the chairman of UBS describing it as “absolutely essential to … global …

Credit Suisse had already been battling a string of losses and scandals, and over the last two weeks, sentiment was rocked again.

Credit Suisse had already been battling a string of losses and scandals, and the last two weeks sentiment was rocked again.