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Tuesday, March 3, 2026

European bank shares rally, bonds battered after Credit Suisse debt wipeout

LONDON, March 20 (Reuters) – European bank shares rose from four-month lows on Monday, following the state-backed rescue of Credit Suisse (CSGN.S) by UBS (UBSG.S), while bank bonds remained under pressure after the merger deal wiped out some bondholders. The Credit Suisse rescue has shaken the …

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