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  • Credit Suisse: Bank rescue damages Switzerland's reputation for stability

    6 days ago - By Up Worthy

    So farewell to Credit Suisse. Founded in 1856, the bank has been a pillar of the Swiss financial sector ever since. Although buffeted by the financial crisis of 2008, Credit Suisse did manage to weather that storm without a government bailout, unlike its rival-turned-rescuer UBS. All it took to... saudinationalbank switzerland ubs ukraine ferdinandmarcos philippines congolese mobutuseseseko rogerfederer
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  • Bank of England welcomes Credit Suisse-UBS merger

    6 days ago - By Up Worthy

    Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 19, 2023. REUTERS/Moritz Hager March 19 - The Bank of England on Sunday said it welcomed the actions by the Swiss authorities to merge Credit Suisse with UBS Group. "The UK banking... ubs zurich switzerland bankofengland ubsgroup shubhamkalia bengaluru petergraff
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  • UBS agrees to buy Credit Suisse for $2bn: Report

    6 days ago - By Up Worthy

    BERN: UBS has agreed to take over its troubled Swiss rival Credit Suisse after doubling its offer to $2 billion, the Financial Times reported amid urgent talks on Sunday aimed at sparing the embattled bank from a bloodbath when the markets reopen. The two largest banks in the wealthy Alpine nation... bern ubs switzerland zurich creditsuisses alainberset financeministry afp swissnationalbank thomasjordan
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  • UBS to take over Credit Suisse

    6 days ago - By Up Worthy

    NEW YORK - UBS will take over Credit Suisse, the Swiss National Bank said in a statement Sunday. "UBS today announced the takeover of Credit Suisse. This takeover was made possible with the support of the Swiss federal government, the Swiss Financial Market Supervisory Authority and the... ubs swissnationalbank
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  • UBS To Buy Credit Suisse in $2 Billion All Stock Deal

    6 days ago - By Up Worthy

    In a $2 billion all stock deal brokered by the government to prevent the latter embattled bank from failing. Financial Times reports that the two banks had little interaction, and that the Swiss government is working on changing rules that require a six-week shareholder comment period. Swiss... ubs siliconvalleybank
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  • Swiss to hold news conference amid Credit Suisse troubles

    6 days ago - By Up Worthy

    The illuminated logo of Swiss bank Credit Suisse is seen behind a clock at the banks headquarters at Paradeplatz in Zurich, Switzerland on Saturday, March 18, 2023. Swiss leaders are holding a news conference Sunday night following several media reports that... paradeplatz zurich switzerland ubs federalcouncil alainberset lehmanbrothers swissnationalbank creditsuisses siliconvalleybank
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