UBS Offers $1 Billion to Buy Credit Suisse

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UBS Offers $1 Billion to Buy Credit Suisse
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Breaking: UBS has offered to buy Credit Suisse for around $1 billion in a deal engineered by Swiss regulators to restore trust in the banking system

The discussions are part of urgent effort by Swiss and global authorities to restore trust in banking system Under the deal being discussed, UBS would only keep parts of Credit Suisse’s investment bank that fill gaps either geographically or in certain product areas where UBS lacks a presence.

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