UBS seals Credit Suisse takeover in bid to calm market nerves
UBS will pay more than $3 billion for Credit Suisse and assume up to $5.4 billion in losses in a shotgun merger engineered by Swiss authorities that won applause from other central bankers keen to avoid further market-shaking turmoil.
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### Instruction: UBS seals Credit Suisse takeover in bid to calm market nerves

### Response: UBS will pay more than $3 billion for Credit Suisse and assume up to $5.4 billion in losses in a shotgun merger engineered by Swiss authorities that won applause from other central bankers keen to avoid further market-shaking turmoil.