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Those were dramatic days: After two bankruptcies in the US, ailing large Swiss bank Credit Suisse got into trouble last week.
Confidence in the bank, which has been on the agenda mainly with scandals in recent years, has finally collapsed. The share price continued to decline. The Federal Council stepped in and made a controversial decision: UBS will take over Credit Suisse and the federal government will guarantee billions of dollars. How shall we proceed?
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Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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