ZURICH - Credit Suisse has been acquired by its Swiss rival UBS in a government-backed deal following emergency talks between the two banks and the nation’s financial regulators.
Credit Suisse said it was not expecting “any disruption to client services”. Meanwhile, top central banks have moved to bolster the flow of cash around the world.
The US Federal Reserve offered daily currency swaps to ensure banks in Canada, Britain, Japan, Switzerland and the euro zone would have the dollars needed to operate.
