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Amex to acquire UBS’s 50% stake in Swisscard

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UBS is selling its 50% stake in Swisscard to its joint venture partner, American Express.  At present, both UBS and American Express hold 50% of Swisscard. The deal will make American Express the sole holder of Swisscard.  In light of this, issuers have been informed that Swisscard and UBS have…

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