> UBS's Credit Suisse takeover 'very important' to avoid global financial crisis: Analyst / 33BP6TV
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UBS's Credit Suisse takeover 'very important' to avoid global financial crisis: Analyst / 33BP6TV
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Banking analyst Robert Halver says the emergency takeover of Credit Suisse by its rival UBS is "very important" to avoid a new global financial crisis. He adds it's crucial for the US Federal Reserve and other top central banks to keep dollars flowing through the financial system and shore up confidence, a move reminiscent of emergency action taken during the 2008 financial crisis. IMAGES AND SOUNDBITES