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Switzerland's UBS says it could complete Credit Suisse takeover on June 12

Por: ABC News World June 05, 2023

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BERLIN -- Switzerland's UBS said Monday that it expects to complete its takeover of longtime rival Credit Suisse as early as next week.The two Zurich-based banks, longtime rivals, are uniting in a 3 billion-franc ($3.3 billion) deal that was arranged hastily in March by the Swiss government and regulators after Credit Suisse’s stock plunged and jittery depositors quickly pulled out their money. The merger was aimed at stemming upheaval in... + full article



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