Central banks race to calm markets after UBS takes over Credit Suisse | DW News

Central Banks and regulators raced to reassure markets and customers Monday, after one of the world’s largest banks exited the global stage in a forced takeover. The details of the 3.2 billion dollar deal for USB and Credit Suisse rattled some investors. But regulators have sought to make one thing clear: The focus is on depositors and the health of the overall banking system.

Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1

For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews
►Instagram: https://www.instagram.com/dwnews
►Twitch: https://www.twitch.tv/dwnews_hangout
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch

#Banks #BankFailure #BankCrisis