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Credit Suisse, UBS shares sink after last minute takeover

Global stock markets plunged as they opened to the news of the shotgun buyout of Credit Suisse by rival UBS. Swiss authorities had hoped the takeover will calm investors. Stock markets remained jittery on Monday...


US pledges measures to protect Silicon Valley Bank deposits

In a joint statement, US authorities said they would work to protect depositors, and said losses would not be borne by the taxpayer. President Joe Biden said he would make a further statement on Monday...