Switzerland to Inject Capital Into UBS

Credit Suisse Plans to Raise Capital

The Swiss government said Thursday it will inject six billion Swiss francs ($5.3 billion) of fresh capital into UBS AG in return for a 9% stake, as the Swiss central bank announced plans to shift $60 billion worth of toxic assets off the bank's balance sheet.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire