World News
Swiss banking giant UBS has completed its emergency takeover of local rival Credit Suisse. This will make UBS a trillion-dollar banking behemoth. The combined group will oversee 5 trillion dollars of assets, which will give UBS a leading position in key markets. The two banks now jointly employ about 120,000 worldwide, although UBS has said it will be cutting jobs to reduce costs.
Credit WION
Please support our Sponsors here :
