British banking watchdogs have given their blessing to a takeover of Credit Suisse by its Swiss peer UBS, as financial regulators around the world race to contain the industry's biggest crisis since 2008.
Credit Suisse has a market capitalisation of just $8bn, down from close to $100bn at its 2007 peak, with fears for its future shaking financial markets across the world.
Read more: news.sky.com/story/uk-regulators-back-merger-of-banking-giants-credit-suisse-and-ubs-12837876
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