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- 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 financial crisis.
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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.
- ‘Deal of the century’: how UBS’s rescue of Credit Suisse ...
Absorbing Credit Suisse is now expected to take up to three...
- UBS breaks record with $29bn profit after Credit Suisse deal
The $29bn accounting gain — known as negative goodwill —...
- ‘Deal of the century’: how UBS’s rescue of Credit Suisse ...
Jun 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...
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
Aug 31, 2023 · Absorbing Credit Suisse is now expected to take up to three years — shorter than the four years initially signalled by UBS.
Jun 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.
Jul 1, 2024 · UBS Switzerland AG has succeeded to all the rights and obligations of Credit Suisse (Schweiz) AG. The merger of the Swiss entities facilitates the migration of clients and operations from Credit Suisse (Schweiz) AG to the UBS platform, following business, client- and product-specific requirements.
Aug 31, 2023 · The $29bn accounting gain — known as negative goodwill — reflects the difference between the value of Credit Suisse’s assets on its books and the lower price UBS paid for them.
