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SNB Chairman says UBS-Credit Suisse merger is a done deal

BY Reuters | ECONOMIC | 03/23/23 07:46 AM EDT

ZURICH, March 23 (Reuters) - Swiss National Bank Chairman Thomas Jordan said UBS's takeover of Credit Suisse was not in doubt and would not need further liquidity support from the central bank to proceed.

"It is a done deal, there is a full commitment from UBS to take over Credit Suisse," Jordan told Reuters in an interview on Thursday.

"At the moment the liquidity instruments are very big, they are bold. I think that should be sufficient to make sure this transaction takes place in a smooth way," he added. (Reporting by John Revill; Editing by Hugh Lawson)

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