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China Horse Fair in Shanghai

SHANGHAI, CHINA - FEBRUARY 29, 2024 - Visitors visit the China Horse Fair in Shanghai, China, February 29, 2024.

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China Horse Fair in Shanghai

SHANGHAI, CHINA - FEBRUARY 29, 2024 - Visitors visit the China Horse Fair in Shanghai, China, February 29, 2024.

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China Horse Fair in Shanghai

SHANGHAI, CHINA - FEBRUARY 29, 2024 - Visitors visit the China Horse Fair in Shanghai, China, February 29, 2024.

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China Horse Fair in Shanghai

SHANGHAI, CHINA - FEBRUARY 29, 2024 - Visitors visit the China Horse Fair in Shanghai, China, February 29, 2024.

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China Horse Fair in Shanghai

SHANGHAI, CHINA - FEBRUARY 29, 2024 - Visitors visit the China Horse Fair in Shanghai, China, February 29, 2024.

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China Horse Fair in Shanghai

SHANGHAI, CHINA - FEBRUARY 29, 2024 - Visitors visit the China Horse Fair in Shanghai, China, February 29, 2024.

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China Horse Fair in Shanghai

SHANGHAI, CHINA - FEBRUARY 29, 2024 - Visitors visit the China Horse Fair in Shanghai, China, February 29, 2024.

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China Horse Fair in Shanghai

SHANGHAI, CHINA - FEBRUARY 29, 2024 - Visitors visit the China Horse Fair in Shanghai, China, February 29, 2024.

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China Horse Fair in Shanghai

SHANGHAI, CHINA - FEBRUARY 29, 2024 - Visitors visit the China Horse Fair in Shanghai, China, February 29, 2024.

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China Horse Fair in Shanghai

SHANGHAI, CHINA - FEBRUARY 29, 2024 - Visitors visit the China Horse Fair in Shanghai, China, February 29, 2024.

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UBS to buy Credit Suisse: Swiss gov't

STORY: UBS to buy Credit Suisse: Swiss gov't DATELINE: March 20, 2023 LENGTH: 0:01:34 LOCATION: GENEVA, Switzerland CATEGORY: ECONOMY SHOTLIST: 1. various of Swiss Federal Council and Credit Suisse STORYLINE: Credit Suisse will be taken over by Swiss banking giant UBS, the Swiss federal government said on Sunday. On Friday, the liquidity outflows and market volatility showed that it was no longer possible to restore the necessary confidence and that a swift and stabilizing solution was absolutely necessary, the government said. "In this difficult situation, the takeover of Credit Suisse by UBS is the best solution for restoring the confidence that has been lacking in financial markets recently, and for best managing the risk to our country and its citizens," the government said. Under the terms of the all-share transaction, Credit Suisse shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held, equivalent to CHF 0.76/share for a total consideration of 3 billion Swiss francs