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UBS and Credit Suisse: similar Swiss banks with differing fortunes
UBS and Credit Suisse: similar Swiss banks with differing fortunes
Business and Economy
by  AFP

UBS and Credit Suisse, the two biggest banks in Switzerland, are in takeover talks, according to several media -- a move long deemed unthinkable as the pair are so similar. Investment banking represents 25.2 percent of UBS's turnover, compared to nearly 20.6 percent at Credit Suisse, with the pair running many similar activities such as mergers and acquisitions advice.

UBS in talks to save Credit Suisse
UBS in talks to save Credit Suisse
Business and Economy
by  AFP

Credit Suisse is in advanced talks with its larger Swiss rival UBS about a deal to salvage Switzerland's second-biggest bank, in a bid to reassure investors before the markets open next week, several media reported Saturday.