UBS In Historic Credit Suisse Takeover To End Crisis Of Confidence

Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) Troubled lender Credit Suisse is sold to rival UBS for $3.2 billion.

(2) Swiss banking tie-up expected to lead to thousands of job cuts.

(3) A wipe-out of risky Credit Suisse bonds upends a $275 billion market.

(4) Federal Reserve leads a move by global central banks to boost dollar liquidity.

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