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UBS expects $17 billion hit from Credit Suisse rescue, flags hasty due diligence

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Swiss authorities brokered the controversial emergency rescue of Credit Suisse by UBS for 3 billion Swiss francs ($3.37 billion) over the course of...
Business

Inflation Reduction Act tax credit loophole boosts leasing

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Dave Walters of Orange County, California, stands by his newly leased Hyundai Ioniq 5 electric vehicle.Provided by Dave WaltersFed up with high gas...
Finance

UBS announces Credit Suisse CEO Koerner to join board after emergency rescue

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Ulrich Koerner, chief executive officer of Credit Suisse Group AG, during a Bloomberg Television interview in London, UK, on Tuesday, March 14, 2023. Hollie...
Finance

Swiss National Bank to face Credit Suisse and climate protests at fraught AGM

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The Swiss National Bank has come into the spotlight following its assistance in UBS' takeover of Credit Suisse.Bloomberg / Contributor / Getty ImagesThe...
Finance

Credit Suisse earnings Q1 2023

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A sign of Credit Suisse bank is seen on a branch building in Geneva, on March 15, 2023.Fabrice Coffrini | AFP | Getty...
Finance

Veteran investor David Roche says a credit crunch is coming for ‘small-town America’

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A home in Lynch, Kentucky.Scott Olson | Getty ImagesThe banking turmoil of March, which saw the collapse of several regional U.S. lenders, will...
Finance

Fewer cars qualify for $7,500 EV tax credit. Here are 2 alternatives

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Uwe Krejci | Digitalvision | Getty ImagesThe number of new electric vehicles eligible for a $7,500 federal tax credit fell by almost half...
Finance

$7,500 electric vehicle tax credit may be hard to get. Here are workarounds

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Jackyenjoyphotography | Moment | Getty ImagesWhy the new EVs credit may be harder to claimThe Inflation Reduction Act, which President Joe Biden signed...
Finance

Switzerland faced a bank run if Credit Suisse went bankrupt: Swiss regulator

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The Credit Suisse logo seen displayed on a smartphone and UBS logo on the background.Sopa Images | Lightrocket | Getty ImagesAllowing the bankruptcy...
Finance

UBS holds first shareholder meeting since controversial Credit Suisse takeover

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Newly appointed UBS CEO Sergio Ermotti (R) speaks with UBS Chairman Colm Kelleher during a press conference in Zurich on March 29, 2023.Arnd...
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