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UBS's Credit Suisse Acquisition Makes for Massive Profit

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UBS's forced marriage with Credit Suisse has produced a shockingly large dowry.

Roughly five months after somewhat begrudgingly agreeing to acquire its rival Credit Suisse to slow the spread of banking's liquidity crisis, Swiss banking giant UBS reported a $29 billion profit in its most recent quarter. That's good for the largest quarterly net profit of any major bank, ever.

Source Fool.com

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