UBS to takeover Credit Suisse as early as June 12

UBS expects to complete its takeover of Credit Suisse as early as June 12, after it agreed to buy its local rival in a government-backed rescue buyout earlier this year. This will create a giant Swiss bank with a balance…

UBS expects to complete its takeover of Credit Suisse as early as June 12, after it agreed to buy its local rival in a government-backed rescue buyout earlier this year. This will create a giant Swiss bank with a balance sheet of US$1.6 trillion.

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