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UBS's acquisition of Credit Suisse boosts Dow futures by over 100 points.

1 min read
Source: CNBC
UBS's acquisition of Credit Suisse boosts Dow futures by over 100 points.
Photo: CNBC
TL;DR

U.S. stock futures rose after the Swiss government engineered a forced takeover of Credit Suisse by UBS to stifle a crisis threatening the banking sector. The instability in the financial sector over the past two weeks raised the stakes for the Federal Reserve's interest rate decision on Wednesday. UBS agreed to buy Credit Suisse for $3.2 billion, with the combined bank to have $5 trillion in assets. Berkshire Hathaway's Warren Buffet has been in discussions with senior Biden administration officials regarding the crisis in the banking sector.

Topics:businessfinance#banking-crisis#credit-suisse#finance#stock-futures#ubs#warren-buffet
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  1. Dow futures rise more than 100 points after UBS buys Credit Suisse to stem bank crisis: Live updates  CNBC
  2. UBS is buying Credit Suisse in bid to halt banking crisis  CNN
  3. Switzerland's UBS mulls takeover of Credit Suisse ... with government help | DW Business  DW News
  4. And Now, a Credit Suisse Bailout - WSJ  The Wall Street Journal
  5. EUR/USD bulls are in the market eyeing 1.0700  FXStreet

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