Credit Suisse shareholders take hit as UBS announces deal
Edited By WION Video Desk
Published: Mar 20, 2023, 06:35 IST | Updated: Mar 20, 2023, 06:35 IST
UBS group has agreed to buy Credit Suisse, the embedded bank for 3.2 billion dollar. It is to assume up to 5.4 billion dollar in losses. It's a deal that has been backed by a massive Swiss guarantee.
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