‘There’s a human cost’: Bumpy road ahead for UBS-Credit Suisse marriage in S’pore

Credit Suisse's takeover by UBS is likely to be a lengthy and complex process, say observers. ST PHOTO: LIM YAOHUI
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SINGAPORE – The takeover of global banking heavyweight Credit Suisse has raised fresh questions about the future of Switzerland’s second-largest bank, including its business in Singapore.

Switzerland’s central bank announced on Sunday that UBS, the world’s largest wealth manager, will buy long-time rival Credit Suisse for three billion Swiss francs (S$4.3 billion).

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