Mike Segar/Reuters
- UBS has agreed to acquire Credit Suisse for $3.2 billion, as the banking crisis rages on.
- The Swiss megadeal has implications for US banks, markets, the economy, and interest rates.
- Here's a closer look at what the UBS-Credit Suisse could mean for American investors.
UBS has agreed to acquire Credit Suisse for 3 billion Swiss francs ($3.2 billion). The government-brokered deal aims to calm jittery investors and depositors, and halt the burgeoning banking crisis before it spirals out of control.