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The government guarantee is seen as one of the final hurdles to completing the landmark merger between the Swiss lenders

Investment Banking Editor

UBS has struck a deal with the Swiss government to protect it from billions in potential losses when it acquires Credit Suisse.

The Swiss government will provide UBS with up to CHF9bn ($9.9bn) to shield it from losses after the bank agreed to rescue its Swiss rival in March.

UBS agrees $10bn deal with Swiss government to backstop Credit Suisse losses

Paul Clarke

Credit Suisse

Citigroup

Finance

UBS promotes 174 people to managing director — here are the names

HSBC plans fresh layoffs in investment bank as overhaul picks up pace

Perella Weinberg Partners hands junior bankers extra $10k award after record year

Trading Places: BNP’s new COO, Clifford Chance poaches from KKR

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Find out who is on the move in the City and beyond this week

Clifford Chance hires KKR director in London private equity drive

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Magic Circle firm boosts London private equity offering

Proskauer Rose hires Hogan Lovells private equity partner in London

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The London-based bank said it is cooperating with the investigation.

Barclays Faces Probe From U.K. Regulator Over Money-Laundering Controls

Moscow has suggested that Washington has been responsible for prolonging the war and that it alone can agree with Russia on ending it.

By Matthew Luxmoore | Photographs by Serhii Korovayny for WSJ 

Putin Gets What He Has Long Wanted: Direct Talks With U.S.

The move ends months of speculation over how the company would move ahead with its plans to separate the business.

Unilever Picks Amsterdam Over London for Ice Cream Unit’s Primary Listing 

The regulator plans to speed up its decision-making on large deals amid concern its probes could be having a chilling effect on investment.

U.K. Competition Watchdog Targets Faster M&A Reviews

Tariff fears have roiled gold markets, pushing JPMorgan and others to stash bullion on passenger planes to sell at record prices.

Why Dealers Are Flying Gold Bars by Plane From London to New York

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