Credit Suisse shares dove by 63 percent in early trading on March 20 to a new low after it was announced that UBS would buy the troubled bank in a multi-billion-dollar deal backstopped by a Swiss central bank $100 billion emergency credit line.
Shares of Credit Suisse clawed back some of the initial losses that morning and at the time of reporting were 59 percent down on the day, as investors digested news that UBS would be taking over its distressed peer in a state-backed takeover.
