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The Independent UK
The Independent UK
National
Jamey Keaten

UBS ends billions in taxpayer-funded support that paved way for Credit Suisse takeover

' KEYSTONE / ENNIO LEANZA

Swiss taxpayers are off the hook from a government-engineered rescue plan that doled out billions to help UBS, the country's largest bank, take over its ailing rival Credit Suisse.

UBS said Friday that it has shut down state support that had made available up to 200 billion Swiss francs (about $230 billion) to help shepherd through its takeover of Credit Suisse to avert an international banking crisis.

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