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UBS says it has completed the takeover of stricken rival Credit Suisse

Garry Wills by Garry Wills
June 12, 2023
in Business Finance
UBS says it has completed the takeover of stricken rival Credit Suisse
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UBS expects to complete its takeover of Credit Suisse “as early as June 12”, which will create a giant Swiss bank with a balance sheet of $1.6 trillion.

Fabrice Coffrini | Afp | Getty Images

Swiss bank UBS released an open letter Monday saying that it had formally completed the takeover of its rival Credit Suisse.

This is a breaking news story, please check back later for more.

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