UBS agrees to buy Credit Suisse as regulators look to shore up the global banking system

UBS agrees to buy Credit Suisse as regulators look to shore up the global banking system UBS agreed to buy its embattled rival Credit Suisse with Swiss regulators playing a key part in the deal as governments looked to stem a contagion threatening the global banking system. "With the takeover of Credit Suisse by UBS, a solution has been found to secure financial stability and protect the Swiss economy in this exceptional situation," read a statement from the Swiss National …