UBS takeover 'right stabilizing move': 'Run on Credit Suisse is not a systemic run on the banking system'

UBS's emergency takeover of its troubled Swiss rival Credit Suisse, with significant backing and arm-twisting from Bern, sparked fears Monday it could weaken the country's biggest bank and financial sector as a whole. Switzerland was in shock after its largest bank agreed under pressure from Swiss authorities to swallow up the second largest for $3.25 billion. For more on the UBS takeover, FRANCE 24 is joined by Steven Kelley, Researcher of Financial Crisis Management and Financial Stability at the Yale Program on Financial Stability.