Vantage Point: Investing in recessionsMar 20 2023

UBS takeover of Credit Suisse spooks markets

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UBS takeover of Credit Suisse spooks markets
The headquarters of the Swiss banks Credit Suisse (R), and UBS (L), at Paradeplatz in Zurich, Switzerland. Global markets have crashed after a deal was agreed between the two banks (MICHAEL BUHOLZER/EPA-EFE/Shutterstock)

Global markets opened lower this morning (March 20) as fears grow over the stability of the banking sector after UBS’s takeover of Credit Suisse was agreed.

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