UBS got Credit Suisse Group AG

National bank Switzerland declared merge two largest banks of the country — UBS and Credit Suisse Group AG. UBS agreed to redeem all shares of Credit Suisse Group AG at the price 0,5 Swiss francs for everyone. Thus, total amount of the transaction will exceed $2 billion National Bank reported that the transaction was already approved by all regulators — as Switzerland, and United States of America and Europe. The country government through National Bank also will provide to UBS all necessary support for transaction end, is spoken in the statement. Besides, Credit Suisse Group AG and UBS can obtain credit on 100 billion Swiss francs on exclusive conditions...