Credit Suisse Group AG Chief Executive Ulrich Koerner has indicated that the emergency takeover of the bank by UBS AG will close on Monday, Bloomberg News reported on Saturday, citing an internal memo.
Credit Suisse's chairman apologised for taking the Swiss bank to the brink of bankruptcy, as he faced shareholder fury over the demise of the once proud flagship.
Credit Suisse will face shareholder anger on Tuesday at what will be its final annual general meeting after the bank was rescued last month by Swiss rival UBS.
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