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Credit Suisse UBS refuses acquisition proposal for as much as $ 1 billion | NHK

Switzerland’s largest monetary group “UBS” has proposed to accumulate the troubled “Credit Suisse” for as much as $ 1 billion, greater than 130 billion yen in Japanese yen, abroad media reported. .

On the opposite hand, it’s reported that Credit Suisse is displaying reluctance, and evidently last-minute negotiations are being performed.

British monetary newspaper Financial Times reported on the nineteenth that UBS made a proposal to accumulate Credit Suisse for as much as $ 1 billion, greater than 130 billion yen in Japanese yen.

This proposal is properly under the market capitalization of about 1 trillion yen, which signifies the worth of Credit Suisse firms as of the seventeenth.

On the opposite hand, Bloomberg within the US reported that Credit Suisse isn’t proud of the proposal.

It additionally studies that Swiss authorities are contemplating nationalizing all or a part of the corporate, and evidently last-minute negotiations are underway.

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