The Swiss parliament’s lower house voted for a second time against approving 109 billion francs ($120 billion) in government guarantees for UBS Group AG’s takeover of Credit Suisse Group AG.
(Bloomberg) — The Swiss parliament’s lower house voted for a second time against approving 109 billion francs ($120 billion) in government guarantees for UBS Group AG’s takeover of Credit Suisse Group AG.
The vote is a symbolic show of popular and political discontent with the deal but doesn’t have the power to stop it.
Read more: Swiss Upper House Offers Olive Branch on UBS Guarantees
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