What Happened at Credit Suisse, and Why Did It Collapse? - Investopedia
Mar 28, 2023 · Credit Suisse, the second-largest bank in Switzerland, collapsed in March 2023 and was bought by rival UBS for 3 billion CHF (about $3.3 billion USD). Credit Suisse faced numerous scandals...
UBS completes Credit Suisse takeover. Here’s what it means
Jun 12, 2023 · UBS has finalized its emergency takeover of fallen rival Credit Suisse, creating a giant Swiss bank with nearly $1.7 trillion in assets in the biggest banking tie-up since the 2008 global...
Credit Suisse had more Nazi-linked accounts than previously …
2 days ago · An investigation into Credit Suisse’s World War II-era accounts, led by committee Chairman Sheldon Whitehouse, D-R.I., and ranking member Chuck Grassley, R-IA, brought to light tens of thousands of documents that show “extensive” evidence of previously undisclosed Nazi-linked accounts at Credit Suisse, according to a committee news ...
UBS to buy Credit Suisse for nearly $3.25B to calm turmoil
Mar 20, 2023 · Swiss President Alain Berset said banking giant UBS is acquiring its smaller rival Credit Suisse for almost $3.25 billion in an effort to avoid further market-shaking turmoil in global banking.
Latest on the takeover of Credit Suisse | UBS Switzerland
Stay updated on the integration of Credit Suisse. The legal merger between Credit Suisse (Switzerland) Ltd. and UBS Switzerland AG was completed on 1 July 2024. This in itself will not change the day-to-day banking relationship for Credit Suisse clients.
Credit Suisse deal averted crisis, Swiss central bank says
Mar 23, 2023 · The Swiss central bank has hiked its key interest rate and declared that a government-orchestrated takeover of troubled Credit Suisse by rival bank UBS ended the financial turmoil.
UBS agrees to buy Credit Suisse for more than $2bn - Financial Times
Mar 19, 2023 · UBS has agreed to buy Credit Suisse after increasing its offer to more than $2bn, with Swiss authorities poised to change the country’s laws to bypass a shareholder vote as they rush to announce...
UBS completes Credit Suisse takeover to become wealth …
Jun 12, 2023 · UBS completed its emergency takeover of embattled local rival Credit Suisse on Monday, forging a Swiss banking and wealth management giant with a $1.6 trillion balance sheet.
UBS is buying Credit Suisse in bid to halt banking crisis
Mar 19, 2023 · Switzerland’s biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American...
New Credit Suisse Nazi-Era Alegations: What It Means for UBS
4 days ago · An important financial media outlet cites allegations about previously undisclosed Nazi-linked accounts at Credit Suisse. The United States Senate is also involved. Fresh allegations about Credit Suisse's wartime activities have reignited fears of potential legal and financial challenges for UBS, which acquired the embattled bank in 2023.