2023-05-16 17:24:43
According to insiders, the EU competition authority is likely to approve the emergency takeover of the major Swiss bank Credit Suisse by its domestic rival UBS. After completing their preliminary examination, the EU antitrust authority will probably approve the takeover without conditions, people familiar with the matter told the Archyde.com news agency on Tuesday. In mid-March, the Swiss government orchestrated an emergency takeover of the ailing Credit Suisse by rival UBS.
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