UBS agrees to buy rival Credit Suisse in a $3.2 billion deal

UBS agrees to buy rival Credit Suisse, acknowledging it would absorb around $5 billion in losses. CNBC’s Geoff Cutmore reports from Zurich.

UBS agrees to buy rival Credit Suisse, acknowledging it would absorb around $5 billion in losses. CNBC’s Geoff Cutmore reports from Zurich.

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