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- UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking.
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Mar 19, 2023 · UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in...
- UBS completes Credit Suisse takeover to become wealth ...
UBS agreed on March 19 to buy Credit Suisse for a knockdown...
- UBS completes Credit Suisse takeover to become wealth ...
Jun 12, 2023 · UBS agreed on March 19 to buy Credit Suisse for a knockdown price of 3 billion Swiss francs and up to five billion francs in assumed losses in a rescue orchestrated by Swiss...
- Noele Illien
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 20, 2023 · UBS will buy Credit Suisse for 3 billion Swiss francs (about $4.4 billion Cdn), and Credit Suisse shareholders are going to take a massive hit. Shareholders will get a single share of UBS for...
Mar 19, 2023 · UBS Group AG has struck a deal to buy Credit Suisse—a rival Swiss bank rocked by financial turmoil—for over $3 billion, the two banks announced Sunday, as bank executives and Swiss...
- Marisa Dellatto
Mar 19, 2023 · Under the terms of the all-share transaction, Credit Suisse shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held, equivalent to CHF 0.76/share for a total consideration of CHF 3 billion. UBS benefits from CHF 25 billion of downside protection from the transaction to support marks, purchase price adjustments and ...
Mar 19, 2023 · The Swiss bank is paying 3 billion francs ($3.25 billion) for its rival in an all-share deal that includes extensive government guarantees and liquidity provisions. The price is less than half...
