2024-03-16 21:17:26
Responsible for a devastating capital loss: Chairman of the Board of Directors Urs Rohner at the Annual General Meeting on April 26, 2019.
Photo: Ennio Leanza (Keystone)
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When it was said on the evening of March 19, 2023 that Credit Suisse would have to be taken over by UBS, most people rubbed their eyes. The reason for the forced takeover of the second largest Swiss bank was that otherwise it would no longer be able to open its counters and customers would lose their money. How can that be?
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