Por: Portland Press Herald 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 President Alain Berset announced Sunday night. The deal was “one of great breadth for the stability of international finance,” Berset said. “An uncontrolled collapse... + full article
Fox Business USA Business March 20, 2023
Former Federal Reserve Governor Robert Heller, Solus Alternative Asset Management strategist Dan Greenhaus and Zaye Capital Markets CIO Naeem Aslam discuss the Fed's rate hike trajectory as Credit Suisse instability threatens global markets. The Swiss government is... + más
UBS Buying Rival Credit Suisse In $3.2 Billion Rescue Deal | Forbes
UBS agrees to buy troubled Credit Suisse for more than $2B to ‘secure financial stability’ | New York Post
CNBC USA Business March 20, 2023
In this articleJakub Porzycki Nurphoto Getty ImagesRegulators in Asia issued reassuring statements Monday that their banking systems remained robust and stable after Swiss banking giant UBS agreed to buy its rival Credit Suisse for $3.25 billion.Swiss regulators played a key... + más
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
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
The New York Times USA Business March 19, 2023
UBS has agreed to buy Credit Suisse, its beleaguered rival, the Swiss government said on Sunday, in a hastily arranged deal meant to shore up the global financial sector after a week of turmoil.Swiss government leaders and regulators said that the deal was the most effective way... + más
UBS and regulators rush to seal Credit Suisse takeover deal: reports | MarketWatch
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
“With the takeover of Credit Suisse by UBS, a solution has been found to secure financial stability and protect the Swiss economy in this exceptional situation,” the SNB said in a statement. UBS will buy Credit Suisse for 3 billion francs ($3.25 billion), or 0.76 francs per... + más
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