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UBS throws $4.8bn lifeline to Credit Suisse

UBS has agreed to acquire the embattled Credit Suisse for $4.8 billion.

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Read more: UBSSNBCredit Suisse fFINMAUS Treasury Secretary Janet YellenAxel LehmannCredit Suisse GroupFederal ReserveJerome PowellRalph HamersSwiss Financial Market Supervisory AuthoritySwiss National Bank