Swiss government makes way for UBS to buy ailing Credit Suisse
epa10532803 (L-R) Axel Lehmann, Chairman Credit Suisse, Colm Kelleher, Chairman UBS, Swiss Federal President Alain Berset and Swiss Finance Minister Karin Keller-Sutter, at the end of a press conference in Bern, Switzerland, 19 March 2023. The bank UBS takes over Credit Suisse for 2 billion US dollars. Shares of Credit Suisse lost more than one-quarter of their value on 15 March 2023, hitting a record low after its biggest shareholder, the Saudi National Bank, told outlets that it would not inject more money into the ailing Swiss bank. EPA/PETER KLAUNZER
