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'We were rushed into it': UBS bosses say they were hurried into snapping up stricken Credit Suisse and flag mammoth potential costs
[Daily Mail, where America gets its news] It is the fiduciary duty of the boss class to take the time to do due diligence. If they did not dig in their heels long enough to do so, that’s a fireable offense.
  • UBS said it had less than four days to conduct due diligence for the deal

  • UBS reckons it will take a $17bn hit after snapping up Credit Suisse

Posted by: Skidmark 2023-05-18
http://www.rantburg.com/poparticle.php?ID=667471