UBS to take over Credit Suisse - central bank
Reuters | Updated: 20-03-2023 00:07 IST | Created: 20-03-2023 00:07 IST
UBS will take over Credit Suisse, Swiss authorities said on Sunday, to help rescue the embattled lender.
"With the takeover of Credit Suisse by UBS, a solution has been found to secure financial stability and protect the Swiss economy in this exceptional situation," the Swiss central bank and other authorities said.
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