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Regulator could take disciplinary action against Credit Suisse


The Swiss Financial Market Supervisory Authority is considering taking disciplinary action against Credit Suisse Group AG managers over the bank’s collapse and the recent emergency takeover by its rival UBS Group AG, XM reported citing Reuters. UBS recently agreed to acquire Credit Suisse for 3 billion Swiss francs ($3.26 billion) in stock, while assuming up to CHF5 billion in losses in a merger plan devised by local authorities.


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