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Investment Banking

Credit Suisse never lost its taste for risk

The bank’s agreement to be bought by rival UBS marks the end of 167 years as an independent institution

'The business was focused on maximising short-term profits'
'The business was focused on maximising short-term profits' Photo: Fabrice Coffrini/Getty Images

Credit Suisse, the Swiss banking giant that liked to live dangerously, has run out of road.

The bank struck a deal this weekend to be bought by rival UBS after an uncontrolled slide in its stock and bonds.

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