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UBS’s $10bn Credit Suisse backstop in spotlight ahead of next results
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UBS's backstop on its emergency rescue deal for Credit Suisse is set to be thrust into the spotlight next month as the Swiss lender reveals its latest results, with insiders hoping to announce that the bank will not have to fall back on taxpayer funds.
Individuals familiar with the matter are hoping to confirm they will not have to rely on the CHF 9bn ($10bn) shield offered by Swiss authorities to secure March's dramatic takeover, the Financial Times reports.
UBS...
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