UBS Completes Over $3 Billion Takeover of Credit Suisse

UBS has completed its acquisition of Credit Suisse, worth 3 billion Swiss francs ($3.3 billion).
The Swiss government arranged the rescue deal to combine the two largest banks to safeguard Switzerland's reputation as a global financial center.
The combination has raised concerns about thousands of expected job losses and drawn rebukes over the terms of the deal.
UBS will inherit ongoing cases against Credit Suisse and the financial repercussions those entail.
Switzerland's government has agreed to provide UBS with 9 billion Swiss francs (nearly $10 billion) in guarantees to cover any losses it may face from the takeover.