One of the best bank deals of our time! First Citizens's shares jumped 54% after NCarolina lender took over SVB's $56.5bn in deposits as well as $72bn in loans at discount of $16.5bn. FDIC will help finance deal w/$35bn loan & $70bn credit line t 

Credit Suisse closed at 0.82 Swiss Francs, above the acquisition price of 0.76 Swiss Francs b/c UBS shares closed higher after initial losses, and Credit Suisse shareholders will get 1 UBS share for every 22.48 shares held under the deal. 

S&P cut UBS Outlook to negative; Ratings affirmed following Credit Suisse deal citing execution risk given CS' size, complexity, and risk profile. 

This is what the final deal looks like: UBS to buy Credit Suisse for CHF0.76 per share, or CHF3bn. Credit Suisse holders will get 1 UBS share for every 22.48 shares. UBS says Ralph Hampers will be CEO of combined bank. Complete write-down of nominal  

Credit Suisse Shares Open 62% Lower After UBS Takeover News.