The Latest Breaking News from Credit Suisse

Credit Suisse, a storied bank established in the 19th century, is in its last days as an independent entity. Switzerland's largest bank UBS has agreed to acquire it in a $3.2 billion all-share deal. The forced takeover was brokered by regulators and the Swiss government, who feared reputational damage to…

Reports of a possible share sale, and a second ratings downgrade deeper into 'junk' status, has First Republic trading firmly lower Monday.

Bankers at imploding Credit Suisse are still going to get their bonuses despite it being swallowed up by rival UBS, it emerged on Monday.

Stock futures slip lower as banking crisis spreads; Week Ahead: Fed meeting in focus as rate bets mixed; UBS buys credit Suisse for $3.3 billion, gets massive government support; First Republic shares slump after second S&P downgrade and New York Community Bancorp cuts deal to buy Signature Bank.

Watch from Zurich as news breaks that Credit Suisse will be taken over by its larger rival, UBS.

FTSE 100 rises and European banking shares are up after early jitters over what UBS takeover deal means for bondholders

London markets grapple with takeover as FTSE 100 down 0.7 per cent today

Investment bank, back office and technology jobs are set to be axed in London after UBS swallowed up Credit Suisse

Markets in Asia were also struggling earlier in the morning, with shares in Hong Kong falling by more than 3 per cent