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UBS completes Credit Suisse takeover in biggest banking merger since 2008

Admin - one year ago
Economy
UBS on Monday announced that it has formally completed the takeover of 167-year-old Credit Suisse, sealing the biggest merger in the banking sector since the 2008 financial crisis. In March, Switzerland's biggest bank agreed to buy its rival for $3.23 billion. The deal was brokered by the Swiss government in order to prevent a banking crisis.
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