{"id":26252,"date":"2023-04-27T13:21:58","date_gmt":"2023-04-27T13:21:58","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/eu-antitrust-ruling-on\/"},"modified":"2023-04-27T13:28:29","modified_gmt":"2023-04-27T13:28:29","slug":"eu-antitrust-ruling-on","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/eu-antitrust-ruling-on\/","title":{"rendered":"EU antitrust ruling on UBS&#8217; Credit Suisse takeover due by June 7"},"content":{"rendered":"<p>PARIS (Reuters) &#8211;     European Union antitrust authorities will decide on UBS&#8217; planned takeover of fellow Swiss bank Credit Suisse by June 7, the European Commission said in a statement. <\/p>\n<p>The Commission&#8217;s competition policy website showed that UBS filed for approval on April 26, with a provisional deadline for a decision set for June 7. <\/p>\n<p>On March 19, UBS agreed to buy rival Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking.<\/p>\n<p \/>\n<p> (Reporting by Foo Yun Chee; Writing by GV De Clercq; Editing by Marine Strauss)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/eu-antitrust-ruling-on\/buildings-of-swiss-banks-ubs-and-credit-suisse-are-seen\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3Q0LV-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3Q0LV-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PARIS (Reuters) &#8211; European Union antitrust authorities will decide on UBS&#8217; planned takeover of fellow Swiss bank Credit Suisse by June 7, the European Commission said in a statement. The Commission&#8217;s competition policy website showed that UBS filed for approval on April 26, with a provisional deadline for a decision set for June 7. On [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":26253,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[],"class_list":["post-26252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3Q0LV-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/26252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=26252"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/26252\/revisions"}],"predecessor-version":[{"id":26254,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/26252\/revisions\/26254"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/26253"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=26252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=26252"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=26252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}