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UBS Group AG is emerging as a rare winner in Credit Suisse Group AG’s crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers.
UBS CEO Ralph Hamers is a winner from the rapid-fire CS collapse. The losers include the Saudis, Ulrich Koerner, Michael Klein and even Swiss regulators.
Credit Suisse Group AG, once one of the stalwarts of the global financial system, is no more.
Credit Suisse Group AG, once one of the stalwarts of the global financial system, is no more.
That’s only the beginning should the firm be pushed into a takeover by rival UBS Group AG, according to people familiar with the discussions, with one person estimating the final toll could be a multiple of that number