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3/19/2023

The Week Ahead –  UBS Buying Credit Suisse, FOMC Decision

The week started out with Swiss authorities having persuaded UBS Group AG (UBSG.S) on Sunday to buy Credit Suisse Group AG (CSGN.S). UBS will pay 3 billion Swiss francs ($3.23 billion) for 167-year-old Credit Suisse and assume up to $5.4 billion in losses in a deal backed by a massive Swiss guarantee. It is expected to close on the deal this year.

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