UBS, Switzerland’s largest bank, will buy its beleaguered rival Credit Suisse in the largest deal yet meant to soothe the nerves of global investors, already jittery since the failure of Silicon Valley Bank in February.
Here is a look at how important Credit Suisse is, how its fall was a long time in the making, and what the deal will look like.
Credit Suisse is the 45th largest bank in the world in terms of total assets, according to S&P Global, with about $1.1 trillion in assets. UBS had roughly $1.5 trillion in assets, as of 2021. Credit Suisse is among the banks deemed “systemically
