UBS to Complete Credit Suisse Takeover by June 12
UBS expects to finalize its takeover of Credit Suisse as early as June 12, emerging from this rescue deal as a giant Swiss bank with a balance sheet of $1.6 trillion
UBS expects to finalize its takeover of Credit Suisse as early as June 12, emerging from this rescue deal as a giant Swiss bank with a balance sheet of $1.6 trillion
UBS Group AG expects to make a profit of about $34.8 billion following the emergency takeover of Credit Suisse Group AG.
UBS Group will buy Credit Suisse Group for 3 billion Swiss francs ($3.23 billion) in a historic deal backed by Swiss authorities, as problems in the global banking sector persist
“The credit market is clearly telling the equity market: we don’t see a recession, and if we do see one, it will be a mild one,” says head of international fixed income at NatAlliance Securities, as quoted by the Financial Times. And yet, the current inflation is deemed “the hottest” in four decades. The first […]
Swiss customers can now open a bank account using their mobile phones and biometric passports
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