UBS agrees Swiss bail-out plan

Switzerland’s UBS today became the latest banking giant to agree a multi-billion government bail-out.

UBS agrees Swiss bail-out plan
Thu, 16 Oct, 2008 - 11:40

Switzerland’s UBS today became the latest banking giant to agree a multi-billion government bail-out.

The firm is transferring $60bn (€44.53bn) in toxic debts to a fund owned by the Swiss National Bank (SNB).

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