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Mar 28, 2023 · The Bottom Line. Following several years of scandals, Switzerland’s Credit Suisse bank collapsed in March 2023. It was purchased by Swiss rival UBS for about $3.3 billion in a deal approved...
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Oct 27, 2022 · Credit Suisse Unveils Sweeping Revamp to Revive Its Fortunes The restructuring includes shrinking its investment bank and raising $4 billion in capital from investors, including a state-owned ...
Dec 9, 2022 · Dec 9 (Reuters) - Credit Suisse (CSGN.S) got a positive market reaction on Friday after the embattled bank successfully completed the final part of its 4 billion Swiss franc ($4.28 billion) fund ...
Mar 20, 2023 · S&P Global on Monday revised down its outlook on UBS after the bank agreed to rescue Swiss rival Credit Suisse in a $3.25 billion deal. The credit ratings agency changed its outlook to negative ...
Mar 19, 2023 · UBS to Buy Credit Suisse in $3.3 Billion Deal to End Crisis. Government to backstop some losses, provide liquidity; Authorities pushed for deal amid worsening confidence crisis
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