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Asia markets set to fall as UBS agrees to $3.2 billion takeover of Credit Suisse

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Asian markets trade lower as investors assess UBS' $3.2 billion purchase of Credit Suisse

for $3.2 billion. Swiss regulators played a key role in facilitating the deal in efforts to quell a contagion threatening the banking sector.

Under the deal, Credit Suisse shareholders receive will 1 UBS share for every 22.48 Credit Suisse shares they hold. The combined bank will have $5 trillion of invested assets, according to UBS.Fed's interest rate decision could be impacted by what happens over coming days, WSJ economics correspondent says

 

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