Bloomberg Business

UBS Gains as Investors Weigh Credit Suisse Deal Upside

UBS Group AG shares gained as investors weighed up the pros and cons of its Credit Suisse Group AG takeover, a deal that forces the smaller bank to wind down assets and restructure while handing over valuable assets at a bargain price.

First Republic Slumps to Record Low on Downgrade, Bank Talks

First Republic Bank slid to an all-time low after S&P Global lowered the lender’s credit rating for the second time in a week and the Wall Street Journal reported that executives from major banks were discussing fresh stabilization efforts.