US stocks trade mixed as investors assess banking turmoil after UBS takeover of Credit Suisse

US stocks trade mixed as investors assess banking turmoil after UBS takeover of Credit Suisse

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Photo by TIMOTHY A. CLARY/AFP via Getty Images) US stocks were mixed as traders assess the impact of UBS' takeover of Credit Suisse. First Republic Bank fell 16% as S&P Global cut its credit rating yet again. Morgan Stanley's Mike Wilson said bank turmoil marks the start of a "vicious" end to the…

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