Credit Suisse faces restrictions on business till deal closure

Credit Suisse Group AG faces certain restrictions in its ability to do business until its acquisition by rival UBS Group AG is completed, according to a regulatory filing on Tuesday. In certain cases, without prior UBS approval, Credit Suisse cannot grant a new credit facility or credit line in an amount exceeding 100 million Swiss francs ($113 million) to investment grade borrowers and more than 50 million Swiss francs to non-investment grade borrowers, the filing shows.

($1 = 0.8889 Swiss francs)

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