UK 'Safe and Sound,’ Insists BOE After Emergency Credit Suisse Deal
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The Bank of England has insisted the financial system in the UK remains "safe and sound" in an effort to calm fears after the emergency sale of Credit Suisse to rival UBS.
The Swiss government, its national bank and financial regulator Finma brokered the deal to sell off the stricken lender, which employs 5,500 people in the UK.