The UBS Credit Squeeze Deal - Success for the Swiss

Switzerland's UBS buying its main rival credit squeeze sits an all-stock deal valued at three and a quarter billion dollars. A historic Swiss government brokered deal aimed at containing a crisis of confidence that threatened to spread across global financial markets. The plan struck up in crisis talks over the weekend had to be done to address a massive route in credit. Suisse stock and bonds following the collapse of smaller U.S lenders.