Credit Suisse and UBS to Merge
WEBMar 19, 2023 · Credit Suisse and UBS have entered into a merger agreement on Sunday following the intervention of the Swiss Federal Department of Finance, the Swiss National Bank and the Swiss Financial Market Supervisory Authority FINMA (FINMA).
UBS completes Credit Suisse takeover. Here’s what it means
WEBJun 12, 2023 · UBS has finalized its emergency takeover of fallen rival Credit Suisse, creating a giant Swiss bank with nearly $1.7 trillion in assets in the biggest banking tie-up since the 2008 global...
Credit Suisse Unveils Sweeping Revamp to Revive Its Fortunes
WEBOct 27, 2022 · Credit Suisse plans to spin out its deals and capital advisory business into a new firm called CS First Boston, resurrecting the name of the well-known American investment bank it acquired in...
Live updates: Credit Suisse-UBS deal and global stock market …
WEBMar 20, 2023 · Credit Suisse, hobbled for decades by mismanagement, scandal and bad bets, finally succumbed to the emerging global banking crisis.
UBS agrees to buy Credit Suisse for more than $2bn - Financial …
WEBMar 19, 2023 · UBS has agreed to buy Credit Suisse after increasing its offer to more than $2bn, with Swiss authorities poised to change the country’s laws to bypass a shareholder vote as they rush to announce...
UBS to buy Credit Suisse for nearly $3.25B to calm turmoil
WEBMar 20, 2023 · Banking giant UBS is acquiring its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday.
Credit Suisse Group takes decisive action to pre-emptively …
WEBMar 16, 2023 · Credit Suisse is taking decisive action to pre-emptively strengthen its liquidity by intending to exercise its option to borrow from the Swiss National Bank (SNB) up to CHF 50 billion under a Covered Loan Facility as well as a short-term liquidity facility, which are fully collateralized by high quality assets.
UBS completes Credit Suisse acquisition
WEBJun 14, 2023 · UBS has completed the acquisition of Credit Suisse today, crossing an important milestone. Credit Suisse Group AG has been merged into UBS Group AG and the combined entity will operate as a consolidated banking group.
Credit Suisse AGM: Shareholders demand answers over UBS …
WEBApr 4, 2023 · Credit Suisse CEO Ulrich Koerner took over in 2021, when the bank was reeling from a series of high-profile scandals, risk management failures and heavy losses. In October 2022, Credit...
What Happened at Credit Suisse, and Why Did It Collapse?
WEBMar 28, 2023 · Credit Suisse, the second-largest bank in Switzerland, collapsed in March 2023 and was bought by rival UBS for 3 billion CHF (about $3.3 billion USD). Credit Suisse faced numerous scandals...