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UK regulators back merger of banking giants Credit Suisse and UBS

Sky, 19 Mar 2023
British banking watchdogs have given their blessing to a takeover of Credit Suisse by its Swiss peer UBS, as financial regulators around the world race to contain the industry's biggest crisis since 2008.

Credit Suisse has a market capitalisation of just $8bn, down from close to $100bn at its 2007 peak, with fears for its future shaking financial markets across the world.

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