Credit Suisse Sells to UBS In Move to Slow Contagion
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The epicenter of the Great Banking Earthquake may have been Silicon Valley, but the aftershocks have been especially violent in Zurich.
On Sunday, UBS agreed to acquire its long-standing rival, the oft-embattled Credit Suisse, for more than $3 billion. Swiss authorities are slashing red tape -- lest they risk losing the nation's standing as a banking sector.
Source Fool.com
