Switzerland wakes to new era after historic bank merger; employees 'shocked'

Switzerland wakes to new era after historic bank merger; employees 'shocked'

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Switzerland awoke to a new era on Monday after UBS swept up Credit Suisse in a government-brokered rescue that dented the country's long-held pride in its banking expertise. A bank employee association said it was deeply shocked by the potential consequences from the deal to save the 167-year-old…

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