Analysis: UBS swallows Credit Suisse, casting shadow over Switzerland
March 19, 2023 at 22:12 PM EDT
LONDON, March 20 (Reuters) - UBS Group (UBSG.S) emerged as Switzerland’s one and only global bank with a state-backed rescue of its smaller peer Credit Suisse, a risky bet that makes the Swiss economy more dependent on a single lender. The unprecedented move announced late on Sunday in Zurich capped … Source