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Did 'Swiss finish' finish off UBS's SSA business?

SSA borrowers mourned the demise of UBS’s SSA franchise on Tuesday, blaming the Swiss banking regulator's tough approach to the treatment of derivatives for the exit from the market of one of its traditional heavyweights. But they were circumspect about the possibility of other firms following suit, striking a contrast with SSA bankers at other firms who have expressed fears over the repercussions of UBS's decision (see separate story).

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