Market View: UBS to buy Credit Suisse, Baidu, ST Engineering, JB Foods, CapitaLand, First Republic downgraded by S&P, Asia’s resilience to US Bank risks, Credit Suisse US$17 billion worthless debt, Recession fear

In the latest build up of the banking crisis, UBS has announced that it will be buying rival Credit Suisse for more than US$3 billion dollars! What did the Swiss government have to promise in order for this to happen? Elsewhere around the world, why does Fitch think that Asia is resilient to risks seen in US bank failures? Michelle Martin and Ryan Huang explore these questions and more. 

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