French economy minister welcomes ‘good deal’ for Credit Suisse

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French Economy Minister Bruno Le Maire on Monday welcomed a “good deal” for stricken bank Credit Suisse which is set to be acquired by fellow Swiss giant UBS.

Talking to the BFM TV channel, Le Maire said “I’m delighted with this deal. It’s a good deal” before adding: “At the same time… it’s a heavyweight in Europe, so we will remain extremely vigilant about the reaction of the markets.”