UBS will merge with historic rival Credit Suisse in a deal valued at CHF3 billion (US$3.24 billion) following intervention by Swiss authorities, creating a global private banking and asset management player with US$5 trillion in assets. In a late night statement on Sunday Hong Kong time, Credit Suisse said it had entered into a merger agreement with UBS after the … Continue reading UBS to merge with crisis-stricken Credit Suisse in CHF3 bn deal