Weekly Digest: Credit Suisse takeover impact; Temasek eyes Maharlika investment
HKMA, MAS issue statements after the announced takeover of Credit Suisse by UBS; Temasek officials meet Maharlika executives; CDPQ eyes purchase of Indian unit of ATC; and more.
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The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) welcomed the acquisition of Credit Suisse AG by UBS AG.
Noting that the total assets of Credit Suisse, Hong Kong Branch amounted to about HK$100 billion, representing less than 0.5% of the total assets of the Hong Kong banking sector, they said the exposure of the local banking sector to Credit Suisse is “insignificant”.
“The Hong Kong banking sector is resilient with…
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