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Credit Suisse, the Risk-Taking Swiss Banking Giant, Succumbs to Crisis

HS 20/03/2023

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The bank’s agreement to be bought by rival UBS marks the end of 167 years as an independent institution

UBS agreed to take over Credit Suisse for more than $3 billion amid efforts to bolster confidence in the global banking system.

UBS agreed to take over Credit Suisse for more than $3 billion amid efforts to bolster confidence in the global banking system. michael buholzer/Shutterstock

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