Credit Suisse Sold To USB For $2-B In Bid To Curtail Banking Crisis – Good News For Crypto?

Credit Suisse has struck a deal with UBS for $3.2 billion in a rescue deal aimed at calming financial market panic triggered by the current American banking crisis. UBS is purchasing Credit Suisse for 3 billion Swiss francs ($3.25 billion), which is around 60% less than the value of the bank when the markets closed