Which Swiss bank announced its intent to acquire Credit Suisse in 2023?
UBS
Julius Bär
Swiss National Bank
Zürcher Kantonalbank
Answer
On 19 March 2023, UBS announced its intent to acquire Credit Suisse for $3.25 billion (CHF 3 billion) in order to prevent the bank's collapse. While the deal undergoes review, Credit Suisse remains operational.
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