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UBS 'agrees to buy Credit Suisse after increasing its offer to more than $2billion'

UBS has agreed to buy Credit Suisse after increasing its offer to more than $2 billion following urgent talks today. The banking giant will pay more than 0.50 francs ($0.5401) a share in its own stock, far below Credit Suisse’s closing price of 1.86 francs on Friday, FT reported, citing sources. According to the report, UBS has agreed to a…