Morning Bid: UBS-Credit Suisse deal sealed. Is it enough?


Source: reuters.com reuters.com

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March 20 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. Buckle up. Asian markets are set for a volatile open on Monday after Swiss authorities said UBS (UBSG.S) is taking over Credit Suisse (CSGN.S), a forced merger investors hope will ease the strain on the global banking system and avert a full-blown crisis. The $3.2 billion deal comes after a sudden burst of turmoil in the global banking sector - two U.S. bank failures then Credit Suisse's implosion - sparked unprecedented volatility in the U.S. interest rate and bond markets. Will it be enough...