[HIGHLIGHTS] Did the acquisition of Credit Suisse prevent the collapse of the Swiss economy?

Swiss Finance Minister Karin Keller Sutter said the Swiss economy would likely have collapsed if Credit Suisse declared bankruptcy. Keller Sutters said the government had "acted in the best interests of the country" by quickly arranging for UBS to take over its rival.

The state provided nearly 260 billion Swiss francs ($287 billion) in cash support and state guarantees to back up the acquisition. The new combined bank will have $1.6 trillion in assets and more than 120,000 employees.