UBS tells investors that shotgun Credit Suisse takeover will be a ‘major challenge’ for bank

UBS tells investors that shotgun Credit Suisse takeover will be a ‘major challenge’ for bank

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UBS UBS-N executives told shareholders on Wednesday that its unexpected takeover of Swiss rival Credit Suisse CS-N in the biggest bank rescue since the global financial crisis was a milestone for the industry and a major challenge for the bank. Describing the transaction as “the first merger of…

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