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Investment

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: UBS,  SNB,  Credit Suisse f,  FINMA,  US Treasury Secretary Janet Yellen,  Axel Lehmann,  Credit Suisse Group,  Federal Reserve,  Jerome Powell,  Ralph Hamers,  Swiss Financial Market Supervisory Authority,  Swiss National Bank