As often in financial crises, Swiss ministers, bankers and other regulators desperately sought a solution this weekend, during the market break.
The telephones heated up and meetings multiplied in Bern between the President of the Confederation, the members of the government meeting in extraordinary sessions and the bosses of Credit Suisse and UBS, Ulrich Körner and Ralph Hamers.
The first bank in the country was pushed by the authorities to buy its rival Credit Suisse, in great difficulty.
An absolute urgency to hope to avoid a debacle and a wave of contagious panic on the markets this Monday.
Late Sunday afternoon, UBS finally agreed to buy its rival Credit Suisse, the Federal Council announced.
For more than two billion dollars (1.9 billion euros) announced the Financial Times.
A very low price compared to the valuation of the bank on Friday evening, nearly 9 billion dollars.
However, an equal amount...
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