UBS seals Credit Suisse takeover in bid to calm markets

Swiss authorities have announced UBS will take over Credit Suisse, to help rescue the lender. Picture supplied by Michael Buholzer/AAP.
by Stefania Spezzati, Scott Murdoch and Tom Westbrook, AAP Bern

Banking stocks have tumbled as initial relief over a historic state-backed rescue of troubled lender Credit Suisse by Swiss rival […]

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