Credit Suisse First Boston spin-off in doubt as UBS moves in
Aaron WeinmanInvestment banking correspondent
Credit Suisse First Boston’s proposed spin-off from the Swiss bank is mired in doubt as UBS works through its SFr3 billion ($4.8 billion) takeover.
UBS chief executive Ralph Hamers said the “emergency rescue” of Credit Suisse involved a “refocus” of its capital-intensive investment bank as UBS seeks to trim near $US8 billion ($12 billion) in expenses.
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