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credit suisse merger reveals hidden financial weaknesses and regulatory failures
Credit Suisse's claims of financial solidity were undermined by a regulatory filter that obscured its true capital deficiencies, leading to a crisis that culminated in its takeover by UBS. Despite meeting legal requirements, the bank's equity was insufficient, prompting significant customer withdrawals and legal challenges over cancelled AT1 bonds. Experts call for greater transparency in banking accounts to prevent similar situations in the future.
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