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UBS to take over Credit Suisse, Swiss central bank confirms

Summary by Sky News UK
UBS will take over Credit Suisse, the Swiss central bank has confirmed.The takeover deal comes after the 167-year-old bank was brought to the brink of financial calamity last week despite securing a $54bn (£44bn) credit line from Switzerland's central bank.

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Star Advertiser broke the news in Honolulu, United States on Sunday, March 19, 2023.
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