Sky News
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UK regulators back merger of banking giants Credit Suisse and UBS
Posted
March 19, 2023
Views
27,546
Likes
226
Comments
83
Engagement
1.12%
March 19, 2023
27,546
226
83
1.12%
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1:56Now PlayingBritish banking watchdogs have given their blessing to a takeover of Credit Suisse by its Swiss peer UBS, as financial regulators around the world race to contain the industry's biggest crisis since 2008.
Credit Suisse has a market capitalisation of just $8bn, down from close to $100bn at its 2007 peak, with fears for its future shaking financial markets across the world.
#economy #banking #uk #skynews
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