UBS buys Credit Suisse to end the banking crisis

London CNN — Switzerland’s largest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency bailout deal to defuse financial market panic sparked by the failure of two US banks earlier this month. “UBS today announced the acquisition of Credit Suisse,” the Swiss National Bank said in a statement. It said … Read more

Ecuador earthquake kills at least 4 people

CNN — At least four people died after a magnitude The 6.8 earthquake struck southern Ecuador on Saturday afternoon, the country’s government said in a statement. The earthquake struck the southern city of Baláo and was more than 40 miles (65 km) deep. according to the United States Geological Survey. One person died in the … Read more