Tag - US Federal Reserve

US stocks up as markets digest UBS takeover of Credit Suisse


New York: US stocks rose this week as investors digested UBS's takeover of embattled Swiss lender Credit Suisse, according to a media report. UBS agreed to buy Credit Suisse for 3 billion Swiss francs ($3.25 billion), which is about 60 per cent less than what the bank was worth at Friday's market close, CNN reported....