Investor's Compass
UBS to Acquire Credit Suisse: Concerns over Contagion Risks, Job Losses — Investor's Compass
Swiss banking giant UBS has reportedly agreed to acquire Credit Suisse for over $2 billion amid fears of contagion risks in the European banking sector. Credit Suisse has faced challenges in recent years, with its market cap slipping, and it borrowed $54 billion from the Swiss National Bank last wee