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UBS to purchase Credit Suisse amid fallout from U.S. bank collapses

Por: CBS News Politics March 20, 2023

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The banking giant UBS has agreed to purchase Credit Suisse, a smaller rival, Swiss authorities announced on Sunday. The historic deal comes as major financial institutions continue to grapple with the fallout from the sudden collapse of Silicon Valley Bank earlier this month, and work to stave off a broader crisis. This takeover was made possible with the support of the Swiss federal government, the Swiss Financial Market Supervisory Authority... + full article



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