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UBS expects $17 billion hit from Credit Suisse rescue, flags hasty due diligence

UBS estimates that it will suffer a financial hit of around $17 billion from its emergency takeover of Credit Suisse. The rushed deal may have affected UBS's ability to properly evaluate the assets and liabilities of the target before the takeover.

The post UBS expects $17 billion hit from Credit Suisse Rescue, flags hasty due diligence appeared first on Balanced News Summary.



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UBS expects $17 billion hit from Credit Suisse rescue, flags hasty due diligence

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