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Credit Suisse to Sell Historic Hotel, Buy Back $3 Billion in Shares

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Swiss financial services and global investment banking giant Credit Suisse AG has unveiled plans to sell its iconic Savoy Hotel in Zurich’s financial district. The move has fueled speculation that Credit Suisse may not be as liquid as previously feared, potentially weighing on the bank’s equity position. As part of the longer-term plan to rebalance […]

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