The Latest Breaking News from Credit Suisse

Not long ago, the acquisition of Swiss banking giant Credit Suisse by UBS would have been unthinkable. Now, it is happening at speed to prevent the unbearable.

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…

Australian markets have plunged again as the bailout of European banking giant Credit Suisse rattles confidence in the global bank system.

The Swiss government literally changed the law to get this deal done.

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