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UBS set to acquire troubled Credit Suisse to ensure Swiss financial sector stability

UBS’s $1 Billion offer for Credit Suisse is not being favourably accepted by the bank’s majority owners

Union Bank of Switzerland, the country’s second-largest bank is set to acquire Credit Suisse, Swiss authorities said on Sunday, in a deal to combine Switzerland‘s top two banks designed to contain a widening crisis of confidence in global finance.

The deal includes 100 billion Swiss...

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