UBS Agrees to Buy Credit Suisse for More Than $3 Billion

UBS logo is seen outside its New York Headquarters Branch in Midtown Manhattan in New York City, USA. -On Sunday, UBS agreed to acquire Credit Suisse for 3 billion Swiss francs ($3.2 billion) after raising its bid to over $2 billion. Swiss authorities, eager to publicize the agreement before Monday, have decided to alter the nation's laws to bypass a shareholder vote. Credit Suisse, which has been struggling, will become a subsidiary of UBS following the acquisition.