
Update: Investor fears appear to ease as UK and US share prices rise
Fears in financial markets appeared to ease, a day after regulators agreed a rescue deal for troubled lending giant Credit Suisse. The bank was bought by rival UBS on Sunday after regulators worked around the clock to secure the takeover. Along with the collapse of two smaller US banks, its struggles had sparked fears over the global financial system. Hope that the deal would help contain the crisis helped lift shares in Europe and the US. London’s FTSE 100 closed up roughly 0.9%, recovering ground after early losses. Major indexes in Europe also ended higher, with UBS climbing roughly 1.5% … Continue reading Update: Investor fears appear to ease as UK and US share prices rise