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Hanna Ziady, CNN. May 7, 2024 at 3:55 AM. Fabrice Coffrini/AFP/Getty Images. UBS has reported its first quarterly profit since buying ailing rival Credit Suisse, marking a sharp turnaround from ...
The final deal to purchase Credit Suisse for CHF 3 billion ($3.2 billion) was accepted by the board of Credit Suisse prior to the opening of Asian financial markets on Monday morning. The acquisition was an all-stock deal, with Credit Suisse shareholders receiving 1 UBS share per 22.48 Credit Suisse shares, equivalent to CHF 0.76 per share. [1 ...
Asked whether the proposed measures would require UBS to hold additional capital of between 15 billion and 25 billion Swiss francs ($16.4 billion-$27.3 billion), Swiss finance minister Karin ...
Swiss taxpayers are off the hook from a government-engineered rescue plan that doled out billions to help UBS, the country's largest bank, take over its ailing rival Credit Suisse. UBS said Friday ...
UBS. UBS Group AG [nb 1] is a multinational investment bank and financial services company founded and based in Switzerland. Headquartered in Zürich, it maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world.
Union Bank of Switzerland ( UBS) [a] was a Swiss investment bank and financial services company located in Switzerland. The bank, which at the time was the second largest bank in Switzerland, merged with Swiss Bank Corporation in 1998 to become UBS. This merger formed what was then the largest bank in Europe and the second largest bank in the ...
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