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3 billion Swiss francs
- UBS agreed on Sunday to buy its embattled domestic rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) as part of a government-backed, cut-price deal. Swiss authorities and regulators helped to negotiate the agreement, which came amid fears of contagion to the global banking system after two smaller U.S. banks collapsed in recent weeks.
www.cnbc.com/2023/03/21/ubs-credit-suisse-deal-puts-switzerlands-reputation-on-the-line.htmlUBS-Credit Suisse deal puts Switzerland's reputation on the line
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16 hours ago · ZURICH, July 1 (Reuters) - Swiss bank UBS (UBSG.S) has completed the merger of its domestic unit with Credit Suisse's operations in its home market, the bank said on Monday, adding that the head ...
- UBS completes Credit Suisse takeover to become wealth ...
UBS completed its emergency takeover of embattled local...
- UBS completes Credit Suisse takeover to become wealth ...
Jun 12, 2023 · UBS completed its emergency takeover of embattled local rival Credit Suisse on Monday, forging a Swiss banking and wealth management giant with a $1.6 trillion balance sheet.
- Noele Illien
Mar 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...
Jun 12, 2023 · UBS (UBS) agreed on March 19 to buy Credit Suisse (CS) for the bargain price of 3 billion Swiss francs ($3.25 billion) in a rescue orchestrated by Swiss authorities to avert a banking sector...
Mar 22, 2023 · Two days after UBS agreed to spend $3.25bn to rescue its rival Credit Suisse, executives are trying to move past the risks and sell investors on the benefits of the shotgun marriage.
Aug 31, 2023 · UBS on Thursday said it was retaining $9bn of risk-weighted assets from its defunct rival’s investment bank, with the remaining $17bn consigned to its new “bad bank” unit, known as Non-core and...
Mar 19, 2023 · UBS agreed to buy its embattled rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) Sunday, with Swiss regulators playing a key part in the deal as governments looked to stem a...
