SINGAPORE, March 20 (Bloomberg): Financial authorities in Singapore and Hong Kong gave assurances Credit Suisse Group AG will remain open for business and its fallout won’t affect their markets after UBS Group AG agreed to buy the troubled Swiss bank in a historic government-brokered deal.
Credit Suisse will continue operating in Singapore with no interruptions or restrictions, the Monetary Authority of Singapore said in a statement Monday. Customers will continue to have full access to their accounts and the firm’s contracts with counterparties will remain in force, MAS said.
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