UBS reaches agreement to buy Credit Suisse after upping offer: report

UBS reaches agreement to buy Credit Suisse after upping offer: report UBS will reportedly buy Credit Suisse for $2 billion The Swiss government is reportedly set to announce a deal Sunday that will allow UBS, the largest bank in Switzerland, to buy its beleaguered rival Credit Suisse for $2 billion, according to the Financial Times. The announcement comes amid mounting concerns over the potential collapse of Credit Suisse creating a contagion in the banking sector. Credit Suisse saw its stock …