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UBS/Credit Suisse deal: HK and SG regulators react

Asia-Pacific’s private banking industry was stunned on Monday morning, when it woke to discover that UBS and Credit Suisse had announced they would be merging in a CHF3 billion (US$3.24 billion) hastily-arranged marriage brokered by the Swiss government. The deal is set to have significant ramifications for the region’s private banking industry, which Asian Private Banker will be closely following…

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