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Reuters: Swiss banks raise emergency funds to fight crisis

Started by chris, October 16, 2008, 11:59:26 AM

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chris

Swiss banks raise emergency funds to fight crisis
      


BERNE (Reuters) - Switzerland is taking a near 10 percent stake in UBS as the Swiss bank and its rival Credit Suisse said on Thursday they were raising billions of francs to shore them up against the financial crisis.
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