UBS AG proceeds to buy out its embattled rival, Credit Suisse, for an equivalent of $3.2 billion. According to the terms of the agreement, holders of Credit Suisse shares will get 1 UBS share for every 22.48 shares they now own. This comes in after Justin Sun, of Tron network, offered to buy out Credit Suisse for $1.5 billion with hopes to transform it into a more crypto friendly bank.