Headlines - UBS agrees $3.2 bln rescue deal to buy rival Credit Suisse ( ) - Retailer John Lewis considers change to staff ownership structure ( ) - Global central banks announce dollar liquidity measures to ease banking crisis ( )
Overview - UBS Group AG will acquire Credit Suisse Group AG in a deal that would value the troubled Swiss lender at 3 billion Swiss Francs ($3.24 billion).
- British retailer John Lewis is planning to consider a sale of minority in its business which has been operating as a staff-owned partnership.
- The U.S. Federal Reserve, in coordination with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank, announced fresh measures on Sunday to improve global access to dollar liquidity, in a move to tackle the ballooning banking crisis. ($1 = 0.9272 Swiss francs) (Compiled by Bengaluru newsroom)
