{"id":6,"date":"2023-03-20T07:51:59","date_gmt":"2023-03-20T07:51:59","guid":{"rendered":"https:\/\/viraldak.com\/?p=6"},"modified":"2023-03-20T07:58:27","modified_gmt":"2023-03-20T07:58:27","slug":"ubs-agrees-emergency-rescue-of-credit-suisse","status":"publish","type":"post","link":"https:\/\/viraldak.com\/index.php\/2023\/03\/20\/ubs-agrees-emergency-rescue-of-credit-suisse\/","title":{"rendered":"UBS agrees &#8217;emergency rescue&#8217; of Credit Suisse"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"976\" height=\"549\" src=\"https:\/\/viraldak.com\/wp-content\/uploads\/2023\/03\/ImgUSB.webp\" alt=\"\" class=\"wp-image-10\" srcset=\"https:\/\/viraldak.com\/wp-content\/uploads\/2023\/03\/ImgUSB.webp 976w, https:\/\/viraldak.com\/wp-content\/uploads\/2023\/03\/ImgUSB-300x169.webp 300w, https:\/\/viraldak.com\/wp-content\/uploads\/2023\/03\/ImgUSB-768x432.webp 768w\" sizes=\"auto, (max-width: 976px) 100vw, 976px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Troubled bank Credit Suisse has been rescued by its Swiss rival UBS in a government-backed deal.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sunday&#8217;s announcement came after a weekend of emergency talks in Switzerland between the two banks and the country&#8217;s financial regulators.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Swiss National Bank said the deal was the best way to restore the confidence of financial markets and to manage risks to the economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Credit Suisse said it was not expecting &#8220;any disruption to client services&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Troubled bank Credit Suisse has been rescued by its Swiss rival UBS in a government-backed deal. 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