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UBS Offloads German Credit Suisse Pension Book in De-Risking Deal
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Swiss banking giant UBS is transferring pension liabilities of former Credit Suisse employees in Germany. Deutsche Betriebsrenten Holding (DBR) is acquiring these liabilities in a so-called pension buyout, reports the Handelsblatt (Friday edition). According to financial sources, the volume of the transferred entitlements is expected to amount to a three-figure million-euro sum. This would make it one of the largest transactions of its kind in G…
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