U.S. Treasury yields fell on Monday as investors considered the stability of the banking sector after Swiss bank UBS agreed to buy its rival Credit Suisse.
Yields and prices move in opposite directions and one basis point equals 0.01%.Investors weighed the outlook for the banking sector as regulators worked to curb concerns about a banking sector crisis affecting both regional and global financial institutions.
Over the weekend, the Swiss National Bank, the Swiss Financial Market Supervisory Authority and the Swiss governmentAs part of the deal, the Swiss National Bank and Swiss government also announced they would take
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Credit Suisse under pressure to merge with UBSCredit Suisse Group AG began a make-or-break weekend after some rivals grew cautious in their dealings with the bank and regulators urged it to pursue a deal with Swiss rival UBS AG .
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UBS in talks to acquire Credit Suisse -FT By Reuters*UBS IN TALKS TO TAKE OVER ALL OR PART OF CREDIT SUISSE AS SHARE PRICES FALL $UBS $CS 🇨🇭🇨🇭
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UBS seeks Swiss backstop in any Credit Suisse deal - Bloomberg NewsUBS Group AG is asking the Swiss government for a backstop if it were to buy Credit Suisse Group AG , Bloomberg News reported on Saturday.
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