The future of Credit Suisse (CS) has been decided. It will be sold to UBS for three billion francs (three billion euros). In order to reduce any risks for UBS, the federal government has given the big bank a guarantee of nine billion francs. The Swiss National Bank (SNB) is providing a loan of up to CHF 200 billion. However, the mega deal raises a number of new questions.
After the emergency deal, UBS becomes a financial colossus with great market power – banks
