The Latest Breaking News from UBS

The Metropolitan Police. The Democratic Unionist Party. Xi Jinping in Moscow. Boris Johnson at the Privileges Committee. UBS acquiring Credit Suisse. Beavers marauding around Ealing. There is always something going on that seems more urgent than climate change. More ‘newsy’. I mean, what’s another UN report or additional tonne of…

Decision over bonds rips up convention and could undermine confidence in banking system

Bank of England insists UK’s banking system is ‘safe and sound’

The Dow Jones rose Monday after UBS agreed to buy Credit Suisse, First Republic Bank plunged 20% on a credit rating downgrade.

The European financial system is "resilient" the European Central Bank said on Monday, as global bank shares and oil prices slumped following the announcement that Switzerland's biggest bank UBS will take over troubled rival 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…

Interest rate rises look less likely as turmoil continues in financial sector as wider markets find support

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