Switzerland is taking steps to strengthen its largest bank, UBS, the latest country to unveil a banking rescue plan.
UBS will raise 6bn Swiss francs ($5.3bn) from the Swiss government.
It will also be able to transfer up to $60bn of toxic assets to a fund supported by the Swiss central bank.
The Swiss National Bank said the action would help to stabilise the financial system and was favourable for the development of the Swiss economy.
UBS reports more sub-prime losses ...
Swiss Re buys Barclays life unit ...
Credit Suisse returns to profit ...
(BBC)
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