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UBS buys Credit Suisse for 3 billion Swiss francs

2023-03-19T19:26:20.441Z


Integration "strengthens Switzerland as a global financial centre" (ANSA) UBS buys Credit Suisse for 0.76 Swiss francs per share, or 3 billion Swiss francs. This is what we read in a note. "The integration" between Credit Suisse and UBS "strengthens Switzerland as a global financial center," says UBS chairman Colm Kelleher.  "This is not a bailout but a commercial solution", say the Swiss authorities commenting on the wedding between Credit Suisse and UBS.   ANSA agen


UBS buys Credit Suisse for 0.76 Swiss francs per share, or 3 billion Swiss francs.

This is what we read in a note.

"The integration" between Credit Suisse and UBS "strengthens Switzerland as a global financial center," says UBS chairman Colm Kelleher. 

"This is not a bailout but a commercial solution", say the Swiss authorities commenting on the wedding between Credit Suisse and UBS.  

ANSA agency

Ubs, a 60 billion Swiss franc giant - Economy

Ubs, the Swiss giant with a capitalization of 60 billion Swiss francs, is the eternal rival Credit Suisse.

(HANDLE)

Source: ansa

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