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credit suisse

Credit Suisse's emergency rescue could cost all of Switzerland's citizens $13,500 each

Per Bloomberg The UBS Group AG is poised to take over Credit Suisse Group AG, and the Swiss government has promised 109 billion francs, around $118 billion USD, to backstop the emergency sale. This would cost every Swiss citizen 12,500 Swiss francs, or $13,500 USD. Switzerland is a
21 Mar 2023 1 min read
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