A little over four months ago, the bank Credit Suisse, number 2 in the country, went bankrupt and caused the beginning of panic on the markets. Under pressure from the Swiss authorities, UBS resolved on March 19 to buy out its main rival, a takeover finalized on June 12 for just over 3 billion euros. And since then, the venerable institution has continued to see the bill grow.
rf-5-general
UBS to Pay Hundreds of Millions Again for Risks Taken by Credit Suisse
