UBS said Friday that it has shut down state support that had made available up to 200 billion Swiss francs to help shepherd through its takeover of Credit Suisse to avert an international banking crisis.
In total, UBS also paid some 730 million francs in commitment fees and risk premiums to Swiss authorities, with 200 million going to the government and 530 million to the national bank. Swiss authorities faced pressure from some critics and skeptics who disagreed with or questioned the use of taxpayer support to aid the merger of Switzerland's best-known banks. That included a symbolic rebuke from the lower house of parliament.
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