Canada among central banks banding together to calm markets after UBS deal to buy Credit Suisse
Some of the world’s largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG on Sunday to buy rival Credit Suisse Group AG in a historic deal. UBS will pay 3 billion Swiss francs ($4.4 billion Cdn) for 167-year-old Credit Suisse and assume up…