Tag: US dollar/Swiss franc FX spot rate
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UBS-Credit Suisse deal puts Switzerland’s reputation at stake
UBS on Sunday agreed to buy its embattled domestic rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) as part of a government-backed deal at cut prices. Swiss authorities and regulators helped regulate the deal, which came amid fears of contagion to the global banking system after two smaller US banks collapsed in recent […]