Switzerland's biggest bank agrees to take over Credit Suisse
Switzerland, March 20 (ANI): Switzerland's biggest bank, Union Bank of Switzerland (UBS) has agreed to take over its troubled Swiss rival Credit Suisse in an emergency rescue deal to unleash the panic after the two American banks failed earlier this month, CNN reported. The Swiss National Bank, in a statement, said, "UBS today announced the takeover of Credit Suisse.""This takeover was made possible with the support of th