Tag: UBS-Credit Suisse merger

[ad_1] UBS has agreed to take over its troubled Swiss rival Credit Suisse after doubling its offer to $2 billion, the Financial Times reported amid urgent talks on March 19, 2023 aimed at sparing the embattled bank from a bloodbath when the markets reopen. The two largest banks in the wealthy Alpine nation famed for […]

[ad_1] 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 late on March 19, 2023. Mr. Berset called the announcement “one of great breadth for the stability of international finance. An uncontrolled collapse of Credit […]