UBS to Pay Hundreds of Millions Again for Risks Taken by Credit Suisse

2023-07-25 07:21:23

A little over four months ago, the bank Credit Suisse, number 2 in the country, went bankrupt and caused the beginning of panic on the markets. Under pressure from the Swiss authorities, UBS resolved on March 19 to buy out its main rival, a takeover finalized on June 12 for just over 3 billion euros. And since then, the venerable institution has continued to see the bill grow.
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