Customers of Credit Suisse will continue to have full access to their accounts.
"Credit Suisse Group AG will continue operating in Singapore with no interruptions or restrictions, following the announced takeover by UBS Group AG," MAS said in a media release.
"MAS will remain in close contact with FINMA, Credit Suisse and UBS as the takeover is executed, to facilitate an orderly transition, including addressing any impact on employment," the central bank said.
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