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Financial Times - UBS to acquire Credit Suisse for $3.25 billion after frantic talks
Summary of the front page
The Financial Times leads with the news that UBS will take over its troubled rival Credit Suisse.
After a week of frantic negotiations UBS agreed to buy Credit Suisse for $3.25bn, the Financial Times reports.
The paper says the historic deal followed five days during which the Swiss establishment raced to end a deepening crisis that threatened the country’s second-largest lender.
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