Geneva (EFE).- The UBS bank completed the acquisition of Credit Suisse this Monday, less than three months after announcing this operation to avoid the imminent bankruptcy of what was the second largest bank in Switzerland, dragged down by a panic movement among the investors, confirmed both entities.
The Swiss government urged UBS to buy Credit Suisse, considered a systemic risk bank for the national economy, and for this it offered a guarantee of about 9,000 million euros, while the Swiss National Bank put on the table more than 200,000 million euros in loans of various kinds.