UBS UBS will buy Credit Suisse for more than $2 billion in an all-stock deal, the Financial Times reported, citing people with direct knowledge of the transaction. The 0.50 francs per share UBS is offering, in stock, compares to Credit Suisse’s CH:CSGN closing price of 1.86 francs on Friday. Separately, The Wall Street Journal reported the Swiss National Bank offered UBS a roughly $100 billion liquidity to absorb Credit Suisse.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.