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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...
- 9 min
Mar 16, 2023 · Shares in Credit Suisse surged on Thursday after it agreed to a $53 billion loan from the Swiss central bank. Troubles at Switzerland’s second-biggest lender have sparked fears that banking...
Mar 20, 2023 · S&P Global on Monday revised down its outlook on UBS after the bank agreed to rescue Swiss rival Credit Suisse in a $3.25 billion deal. The credit ratings agency changed its outlook to...
Jul 1, 2024 · Jul 01, 2024, 11:20 PM. ZURICH - Swiss bank UBS has completed the merger of its domestic unit with Credit Suisse’s operations in its home market, the bank said on July 1, adding that the head of ...
Mar 19, 2023 · Credit Suisse and UBS have entered into a merger agreement on Sunday following the intervention of the Swiss authorities. The merger will provide substantial liquidity to Credit Suisse and restore confidence in the Swiss economy and banking system.
Oct 27, 2022 · Credit Suisse Unveils Sweeping Revamp to Revive Its Fortunes. The restructuring includes shrinking its investment bank and raising $4 billion in capital from investors, including a state-owned...
Jun 12, 2023 · UBS has completed the legal takeover of its former Swiss rival Credit Suisse. The $3.2 billion deal was agreed in March amid worries about Credit Suisse losses would destabilize the banking...
