The arranged marriage of UBS and Credit Suisse will create the biggest bank Switzerland has ever seen, with some wondering if the superbank might be too big for its own good. The other solution would have been to nationalise Credit Suisse "to enhance the good bank" and consolidate the poor assets into a "bad bank" to be liquidated, he explained.
LONDON (AP) Credit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival, UBS, to acquire the troubled bank at a marked-down price. But European bank stocks and t.
LONDON Credit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price. But European bank stocks and the wider market gained as investors watch whether moves to shore up banks will stem further upheaval in the global financial system.