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Swiss regulators defend rescue of Credit Suisse via UBS deal

Por: ABC News Business April 05, 2023

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GENEVA -- The head of the Swiss financial regulator on Wednesday defended the rescue of Credit Suisse through a controversial takeover by rival bank UBS as the best solution with least risk of spreading a wider crisis and severe damaging Switzerland’s standing as a financial center.The merger was “the best option” and one that “minimized risk of contagion and maximized trust, said Urban Angehrn, chief executive of the Swiss Financial... + full article



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