Por: The Boston Globe Business March 19, 2023
GENEVA (AP) — Banking giant UBS is buying its smaller rival Credit Suisse for $3.2 billion in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced Sunday night.The deal was “one of great breadth for the stability of international finance,” Berset said. “An uncontrolled collapse of Credit Suisse would lead to incalculable consequences for the country and the international financial... + full article
The Boston Globe USA Business June 13, 2023
UBS completed the acquisition of Credit Suisse, sealing the biggest merger in banking since the 2008 financial crisis and creating a global wealth-management titan.The closing of the deal, announced in an open letter published Monday, ends Credit Suisse’s independent existence... + más
UBS Buying Rival Credit Suisse In $3.2 Billion Rescue Deal | Forbes
UBS' dramatic takeover of Credit Suisse was the deal neither bank wanted. Here are some of the passive-aggressive digs from both sides. | Business Insider
Business Insider USA Business June 13, 2023
Jump to 0 An icon in the shape of a person's head and shoulders. It often indicates a user profile. An icon in the shape of a person's head and shoulders. It often indicates a user profile. All Featured About Follow Subscriptions US Markets Loading... H M S In the news... + más
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Associated Press USA Business March 20, 2023
GENEVA (AP) — Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators to stave off further market-shaking turmoil in the global banking system.Swiss authorities urged UBS to take over its smaller rival after a... + más
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Portland Press Herald USA World March 20, 2023
A woman walks past the Credit Suisse bank headquarters in London on Thursday. Frank Augstein/Associated Press GENEVA — Banking giant UBS is buying its smaller rival Credit Suisse for $3.2 billion in an effort to avoid further market-shaking turmoil in global banking, Swiss... + más
UBS agrees to buy troubled Credit Suisse for more than $2B to ‘secure financial stability’ | New York Post
MarketWatch USA Business March 19, 2023
Credit Suisse has pushed back at the offer, Bloomberg , saying the offer is too low and could hurt shareholders and employees. One possibility is for UBS to buy Credit Suisse and spin off its Swiss operations to an independent entity, The Wall Street Journal on Sunday. UBS would... + más
Forbes USA Business March 19, 2023
Updated Mar 19, 2023, 04:09pm EDTTopline UBS Group AG has struck a deal to buy Credit Suisse—a rival Swiss bank rocked by financial turmoil—for over $3 billion, the announced Sunday, as bank executives and Swiss officials sprint to contain a crisis sparked in part by the... + más
New York Post USA Business March 19, 2023
UBS, Switzerland’s largest bank, has agreed to buy rival Credit Suisse for more than $2 billion in an emergency deal to avoid turmoil stemming from . The Swiss National Bank announced the deal on Sunday, saying that it would “secure financial stability and protect the Swiss... + más
UBS to buy Credit Suisse for more than $3 billion in deal backed by Swiss government | MarketWatch
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