Swiss bank

UBS to liquidate legacy real estate fund

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UBS to liquidate legacy real estate fund

UBS Group AG will liquidate a flagship real estate fund in the latest sign of the turmoil caused by investors pulling money out of slumping commercial real estate markets. The fund-which was inherited in the takeover of Credit Suisse-was highly exposed to some of the weakest sectors. It had more than 80% of its 1.9 … Read more

Credit Suisse shares soar after announcing Swiss Central Bank aid

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Credit Suisse shares soar after announcing Swiss Central Bank aid

The headquarters of Swiss bank Credit Suisse. | Photo Credit: AP Credit Suisse’s shares have soared 30% after it announced it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss Central Bank. It’s a massive swing on March 16 after its shares plunged 30% on the SIX … Read more