The Bank of England on Sunday said it welcomed the actions by the Swiss authorities to merge Credit Suisse with UBS Group .
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Credit Suisse shares soar after central bank aid announcedCredit Suisse’s shares soared 30% on Thursday after it announced it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank.
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Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisisGoldman Sachs has cut its recommendation on exposure to European bank debt to neutral from overweight, saying a lack of clarity on Credit Suisse's future path would put pressure on the broader sector in the region.
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UBS closing in on deal to buy fellow Swiss bank Credit SuisseSwiss bank UBS Group is closing in on a deal to take over its rival Credit Suisse amid a weekend of frenzied negotiations, according to multiple reports.
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UBS closing in on deal to take over struggling Credit Suisse bank: reportThe Wall Street Journal reported Saturday that UBS is nearing a deal to acquire Credit Suisse in a deal to save the bank amid a global banking crisis.
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Credit Suisse, UBS crunch talks; US bank fallout: What you need to know By Reuters*UBS MULLS CREDIT SUISSE WEEKEND TAKEOVER AMID EFFORTS TO STABILIZE BANKING SECTOR $UBS $CS 🇨🇭🇨🇭
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UBS Offers To Buy Embattled Bank Credit Suisse For Up To $1 Billion, Reports SayA deal could be announced Sunday—but there’s no guarantee UBS will buy its troubled rival.
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