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UBS To Buy Credit Suisse For Nearly $3.25B To Calm Turmoil | Banking & Economy News
Posted
March 20, 2023
Views
56
March 20, 2023
56
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1:24Now PlayingSwiss authorities pushed for UBS to take over its smaller rival after a plan for Credit Suisse to borrow up to 50 billion francs ($54 billion) failed to reassure investors and the bank’s customers. Shares of Credit Suisse and other banks plunged this week after the failure of two banks in the U.S. sparked concerns about other potentially shaky institutions in the global financial system.
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