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UBS to complete Credit Suisse takeover by June 12, to oversee assets worth $5 tn: Report

In March this year, UBS agreed to pay 3 billion Swiss francs or $3.37 billion and assume upto 5 billion francs in losses for Credit Suisse after lowered customer confidence brought it to the brink of collapse. ....

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Will PacWest be the next US bank to collapse? From SVB to First Republic, how US banking crisis has unfolded so far

US banking crisis looks far from over. Los Angeles-based bank holding company PacWest Bancorp is reportedly exploring strategic options, including a sale or capital raising, fuelling concerns about a possible collapse. ....

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Over $68 Billion Withdrawn From Credit Suisse Before UBS Takeover

Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, the bank's earnings report showed Monday, providing clues to the towering challenges ahead as UBS prepares an emergency takeover. ....

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Credit Suisse hampered internal probe into Nazi-linked accounts, US senators say

Credit Suisse commissioned an investigation into allegations levied by a human rights organization that the bank held potential Nazi-linked accounts and failed to disclose them ....

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Credit Suisse rescue receives initial snub from Swiss parliament

The lower house retrospectively rejected the rescue near midnight, with heated debates continuing into the early hours of Wednesday morning as members discussed other measures related to Credit Suisse. ....

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