Senior Swiss lawmaker: UBS-Credit Suisse merger is an enormous risk
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Senior Swiss lawmaker warned on Monday that “the UBS-Credit Suisse merger is an enormous risk.”
“The newly merged bank is too big for Switzerland to handle,” the lawmaker noted.
These comments only deepen the market fears over the banking sector crisis. The European equities are seeing a negative start to the week while the US S&P 500 futures are down 0.54% on the day.
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