Credit Suisse, the Risk-Taking Swiss Banking Giant, Succumbs to Crisis

The bank’s agreement to be bought by rival UBS marks the end of 167 years as an independent institution

UBS agreed to take over Credit Suisse for more than $3 billion amid efforts to bolster confidence in the global banking system. michael buholzer/Shutterstock

Credit Suisse, the Risk-Taking Swiss Banking Giant, Succumbs to Crisis

Credit Suisse, the Risk-Taking Swiss Banking Giant, Succumbs to Crisis

The bank’s agreement to be bought by rival UBS marks the end of 167 years as an independent institution