UBS, the largest bank in Switzerland, has agreed to purchase its rival Credit Suisse in what’s estimated to be a more than $2 billion transaction, thereported and the Swiss government confirmed on Sunday. “With the takeover of Credit Suisse by UBS, a solution has been found to secure financial stability and protect the Swiss economy in this exceptional situation,” the Swiss National Bank, the nation’s central bank, said in the statement.
The move will be partially backed by the Swiss National Bank. The decision to order the transaction was “one of great breadth for the stability of international finance,” Swiss President Alain Berset said on Sunday. “An uncontrolled collapse of Credit Suisse would lead to incalculable consequences for the country and the international financial system,” he said.
RadioFreeTom Isn't that the same amount Jared Kushner received from the Saudis for his'investment' company? 🫤
RadioFreeTom JPMorgan Chase acquires Washington Mutual for $1.9 billion. (2008)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UBS in discussions to buy Credit Suisse: reportUBS Group AG is in talks to buy all or parts of Credit Suisse, with their boards meeting separately over the weekend, the Financial Times reported late Friday. I wonder if anyone trusts the swiss banking sector anymore. its ironic how the new generation swiss bankers destroyed all the trust that have been built for decades by the swiss ancients
Source: MarketWatch - 🏆 3. / 97 Read more »
UBS in talks to buy troubled Credit Suisse, FT reportsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »
UBS closing in on deal to buy fellow Swiss bank Credit SuisseSwiss bank UBS Group is closing in on a deal to take over its rival Credit Suisse amid a weekend of frenzied negotiations, according to multiple reports. Dawnsfire Another too big to fail bank is gonna get a lot bigger. I know in the short term this will help stabilize the banking system, but I'm worried about the long term effects of this.
Source: nypost - 🏆 91. / 67 Read more »
UBS offers to buy Credit Suisse for up to $1 billion - FTUBS Group AG has offered to buy Credit Suisse for up to $1 billion, with the Swiss government planning to change the country's laws to bypass a shareholder vote on the transaction, the Financial Times reported on Sunday. elonmusk open to this one sir? 'opening time Next level shopping
Source: Reuters - 🏆 2. / 97 Read more »
UBS offers to buy Credit Suisse for up to $1 billion - FT By Reuters⚠️BREAKING: *UBS OFFERS TO BUY CREDIT SUISSE FOR $1 BILLION IN SHARES, A FRACTION OF ITS MARKET VALUE $UBS $CS 🇨🇭🇨🇭 I want to buy all of Mcdonalds share for 100$. Hope it will go through ☠️ That’s a massive lowball. Right? Ain’t they worth lot more?
Source: Investingcom - 🏆 450. / 53 Read more »
UBS Offers $1 Billion to Buy Credit SuisseBreaking: UBS has offered to buy Credit Suisse for around $1 billion in a deal engineered by Swiss regulators to restore trust in the banking system I thought everything was peaches Old news… 😅😅 CreditSuisse says no… 🤪 20min Shit happens. Sad part is it is always wiped with common people money. The ultra rich and wealthy never breaks a sweat. Faith can be restored only proper steps are taken to mitigate these risks.
Source: WSJ - 🏆 98. / 63 Read more »