Switzerland’s largest bank UBS agrees to buy Credit Suisse for more than $2 billion

Switzerland’s largest bank, UBS, will buy out Credit Suisse, the country’s second-largest bank, for more than $2 billion, the newspaper reports. Financial Times with reference to sources. According to the publication, both financial structures do not want to merge, but the Swiss authorities demanded that UBS buy out Credit Suisse in order to avoid its bankruptcy.

UBS has agreed to acquire Credit Suisse after it increased the offer to over $2 billion. the message says.

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