By - Summary
- Companies
- UBS to pay 3 bln Swiss francs ($3.23 bln) for Credit Suisse
- Yellen, Powell welcome deal to support financial stability
- UBS to assume up to $5.4 bln in losses; deal to close this year
- CS writes down $17 bln of bonds to zero, angering holders
- S&P lowers First Republic Bank’s credit rating
