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UBS to buy troubled Credit Suisse in deal brokered by Swiss government

UBS will buy rival Credit Suisse for more than $3 billion in a deal brokered by Swiss officials to try and prevent a banking crisis.
A Credit Suisse bank branch seen in Geneva. The bank was acquired by UBS on Sunday.

With the impeccable timing of one of the country's famed watches, Swiss officials brokered a last-minute emergency takeover of the troubled bank Credit Suisse by fellow banking giant UBS.

In a press conference on Sunday, Swiss president

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