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Cryptopolitan 2023-07-03 10:13:28

Political backlash looms over UBS-Credit Suisse deal as UBS seeks to avoid taxpayer funding

UBS Group AG, Switzerland’s largest bank, is set to make a decisive statement next month, clarifying that its rescue of Credit Suisse will not involve funding from Swiss taxpayers, according to a report by the Financial Times on Sunday. However, the bank intends to alleviate the mounting political pressure surrounding the deal, particularly with national ... Read more

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