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...
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...
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).
Credit Suisse Takeover Is Focus of Swiss Regulator’s Probe, Paper …
WEBSep 22, 2024 — Photographer: Stefan Wermuth/Bloomberg (Stefan Wermuth/Bloomberg) (Bloomberg) -- Switzerland’s banking regulator is investigating the final 15 months of Credit Suisse as an independent bank and its rescue by UBS Group AG, according to SonntagsZeitung. Finma issued a 36-page order to Credit Suisse, which now only exists in name, and UBS in ...
Live updates: Credit Suisse-UBS deal and global stock market …
WEBMar 20, 2023 — Switzerland’s biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American...
UBS completes Credit Suisse takeover to become wealth …
WEBJun 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.
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...
Latest on the takeover of Credit Suisse | UBS Switzerland
WEBThe legal merger between Credit Suisse (Switzerland) Ltd. and UBS Switzerland AG was completed on 1 July 2024. This in itself will not change the day-to-day banking relationship for Credit Suisse clients.
UBS completes Credit Suisse acquisition
WEBZurich, 12 June 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.
UBS Completes Historic Takeover as Credit Suisse Ends
WEBMay 31, 2024 — UBS Group AG completed the historic acquisition of its former rival Credit Suisse, marking a new chapter for the Swiss financial sector as the defunct bank’s legal existence has formally ended.