UBS agrees ’emergency rescue’ of Credit Suisse

UBS agrees ’emergency rescue’ of Credit Suisse

The financial authorities in the EU, US and UK are saying they support this deal, stressing that banks are strong and people’s savings and deposits are safe. The acid test as to whether this Swiss rescue has calmed nerves in the financial world will be when financial markets open on Monday – which is why it was so important to get this done on Sunday night.

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