Norobiik @Credit Suisse's scale and potential impact on the global economy is greater than U.S. regional banks, and its balance sheet is larger than #LehmanBrothers'. It is also globally interconnected, making an orderly management of its situation even more important.
#UBS buys #CreditSuisse for $3.2 billion as regulators look to shore up the #GlobalBanking system | #SVBCrash
https://www.nbcnews.com/business/ubs-reportedly-offers-buy-credit-suisse-1-billion-rcna75653
UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system
UBS agreed to buy its embattled rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) Sunday, with Swiss regulators playing a key part in the deal as governments looked to stem a contagion threatening the global banking system.