The Latest Breaking News on UBS reports $785m loss due to costs of Credit Suisse integration

Could isolated failures herald another global banking crisis?

Deal done: UBS will buy Credit Suisse after increasing its offer to more than $US2 billion, the Financial Times reports

Swiss President Alain Berset said the deal was one of great breadth for the stability of international finance’

UBS Group AG has offered to buy Credit Suisse for up to $US1 billion ($1.5 billion), the Financial Times reports.

Swiss government forces through takeover at well below market value amid fears of global banking crisis

ZURICH - UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank Credit Suisse and reassure investors before the markets reopen.

ZURICH: Troubled Credit Suisse has two days to reassure investors before the markets open on Monday with the spectre of another turbulent week in global finance looming.

Credit Suisse Group AG began a make-or-break weekend after some rivals grew cautious in their dealings with the bank as regulators urged it to pursue a deal with Swiss rival UBS AG. Credit Suisse Chief Financial Officer Dixit Joshi and his teams will hold meetings over the weekend to assess…

Analysts say the worldwide banking system is facing a crisis of confidence, with the international banking sector entering an uncertain period in the coming days.