UBS shares slide 10%, Credit score Suisse craters 60% right after takeover offer

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Swiss authorities and regulators assisted to aid the deal in order to stem the risk of contagion to the world banking method, as Credit score Suisse teetered on the brink.
UBS Chairman Colm Kelleher stated the acquisition was “beautiful” for UBS shareholders, but clarified that, “as much as Credit score Suisse is anxious, this is an unexpected emergency rescue.”

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