UBS said Monday that it has completed its takeover of embattled rival Credit Suisse in a bid to safeguard Switzerland's reputation as a global financial center and choke off market turmoil.
Shares in the midsized lender continued to tumble as fears grow about First Republic's financial health grow even after it received a $30 billion lifeline from its bigger rivals last week.
The collapse of Silicon Valley Bank last Friday set off a series of events that have many reeling about just what is happening at banks in the U.S. and around the world.
