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Credit Suisse acquisition complicates UBS China ambitions

Analysts expect UBS to sell rival's businesses on the mainland after $3.2bn deal

UBS agreed to acquire troubled compatriot Credit Suisse in a deal concluded in just days.    © Reuters

HONG KONG --The hurried takeover of Credit Suisse by rival UBS over the weekend has left unanswered questions over the Swiss banks' operations in China, where regulatory requirements could complicate business plans in the country.

The $3.2 billion rescue deal, which came days after news that Credit Suisse's largest investor Saudi National Bank declined to pump fresh liquidity into the lender, included few public details about what would happen with the Swiss banking giants' businesses abroad.

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