UBS and the Swiss government have agreed on how they will share losses linked to the bank’s emergency takeover of Credit Suisse, which will create a giant Swiss bank. The agreement clears the way for the takeover to close within days,

The Swiss government made good on its pledge to indemnify banking giant UBS for losses from its $3.2 billion takeover of rival Credit Suisse on Friday, three days before the deal becomes final.

UBS is set to finalise the takeover of Credit Suisse on Monday, but the hardest part is yet to come: turning the arranged marriage of Switzerland's biggest banks into a success."From Monday onwards, UBS can start being proactive,

UBS said it's signed a loss protection agreement with the Swiss government covering up to 9 billion francs ($10 billion) of losses once the takeover

UBS and the Swiss government announced Friday that they had signed a loss protection agreement which will come into effect once the takeover of Credit Suisse is completed.

UBS and the Swiss government agreed on Friday on how they will share losses linked to the bank's emergency takeover of Credit Suisse, clearing the way for the deal to close in the coming days. Here are some of the key points of the agreement: * The guarantee covers a volume of around 44 billion Swiss francs ($48.

UBS has finalised an agreement with the Swiss government that will provide the bank with up to SFr9bn ($10bn) to protect it from losses on the rescue of Credit Suisse. The loss protection agreement is the final hurdle for UBS to cross before completing the takeover early next week.