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Once a strong name in the global financial system, now barely hanging there. Credit Suisse Group is all set to be bought by UBS after the former lost its 167-year-old history due to scandals, bad strategy and mistrust. So what exactly happened to Credit Suisse? Why is UBS, a rival, taking over the bank, and why will this deal wipe off 17.3 billion dollars in Credit Suisse bonds from the market? Neha Vashishth from ET Market explains.
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