Mark Kleinman: This crisis feels far from over

Mark Kleinman: This crisis feels far from over

City A.M.

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Deal of the century or dud of the decade? UBS’s government-orchestrated swoop on Credit Suisse, its historic rival, was one of those moments in global finance that will be debated long after any of those involved in have retired to their lives of Alpine luxury. Make no mistake: this was a state bailout masquerading as [...]

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