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Apex Trader Funding (ATF) - News

UBS agrees to buy Credit Suisse for more than $2 billion - FT

UBS will pay more than 0.50 francs ($0.5401) a share in its own stock, far below Credit Suisse’s closing price of 1.86 francs on Friday, FT reported, citing sources. The Swiss National Bank has agreed to offer a $100 billion liquidity line to Credit Suisse as part of the deal, the FT added, citing two people familiar with the matter. Credit Suisse and UBS declined to comment.