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BBCNEWS BBC News July 6, 2024

the financial times is reporting that the countrys biggest bank, ubs, has offered to buy credit suisse for up to one billion dollars, although bloomberg reports that credit suisse sees that as vastly undervaluing the bank. the swiss banking giant had been caught up in the market uncertainty triggered by the collapse, nine days ago, of americas silicon valley bank. it had been offered an emergency credit facility of more than 50 billion dollars by switzerlands central bank — but that ...
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