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Wednesday, March 29, 2023

‘Merger of the century’: UBS nears deal to take over Credit Suisse

UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank Credit Suisse and reassure investors before the markets reopen.Switzerland’s biggest bank UBS is being urged by the authorities to get a deal over the line, in a bid to avoid a wave of contagious panic on the markets Monday.

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Author: AFP

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