Ryan's District Boards

RD Today => All the News => Business News => Topic started by: chris on October 16, 2008, 11:59:26 AM

Title: Reuters: Swiss banks raise emergency funds to fight crisis
Post by: chris on October 16, 2008, 11:59:26 AM
Swiss banks raise emergency funds to fight crisis
      


BERNE (Reuters) - Switzerland is taking a near 10 percent stake in UBS as the Swiss bank and its rival Credit Suisse said on Thursday they were raising billions of francs to shore them up against the financial crisis.
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http://feeds.reuters.com/~r/reuters/businessNews/~3/oVDHwn67XRw/idUSTRE49F1J320081016