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UBS Group AG
UBS
UBS Fair Price
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My Notes
Začít psátFeed
The giant Swiss banking institution UBS Group has announced that it has completed a $3.2 billion takeover of rival Credit Suisse.
![](https://media.bulios.com/media/statuses/inside/84eb0d44-6e6f-4e18-bb9b-71886c8e899b.jpg?w=600&h=300&mode=fill&fill=blur)
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Swiss regulator faces lawsuits over Credit Suisse collapse!
The dispute is over AT1 bonds, which the authority had valued at zero, wiping out their aggregate value of about $17 billion (CZK 365 billion).
I always thought that the Swiss banking system was unparalleled in the world, but unfortunately the fall of Credit Suisse suggests the opposite. Bank $CS+1.0% had to be taken...
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Thanks for the info, I had completely forgotten about this topic and the Credit Suisse takeover. 😅
And as Ondrej writes, hopefully it's all behind us now.