Swiss bank, including potentially keeping the unit's investment banking operations while selling the rest, two people familiar with the matter told Reuters.
The considerations are at an early stage as UBS is focused on completing that takeover and it may not make a final decision on whether to pursue an IPO for months, another person said.takeover of Credit Suisse that will create a banking giant overseeing more than $5 trillion in total invested assets.
Credit Suisse's Swiss bank is one of the lender's four operating units and is seen as the jewel in the crown. The unit reported pre-tax income of 1.5 billion Swiss francs in 2022.
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 wary of buying Credit Suisse in February, wanted more analysis - SEC filingUBS said it had concluded in February that buying its stricken rival Credit Suisse was not desirable, but that it should prepare in case the lender encountered 'serious financial difficulties'.
Source: Reuters - 🏆 2. / 97 Read more »
UBS weighed Credit Suisse deal as early as December - SEC filingUBS was considering the potential impact of buying struggling rival Credit Suisse as early as December, months before the takeover was hastily arranged by Swiss authorities in March, according to a regulatory filing.
Source: Reuters - 🏆 2. / 97 Read more »
UBS weighed Credit Suisse deal as early as DecemberUBS was considering the potential impact of buying struggling rival Credit Suisse as early as December, months before the takeover was hastily arranged by Swiss authorities in March, according to a regulatory filing.
Source: Reuters - 🏆 2. / 97 Read more »
EUR/USD: Scope for one final leg higher to 1.1185/1.1275 – Credit SuisseEUR/USD’s rally is clearly slowing but economists at Credit Suisse still see scope for one final leg higher to the 1.1185/1.1275 zone. Move below supp
Source: FXStreetNews - 🏆 14. / 72 Read more »
Gold Price Forecast: XAU/USD set to reach new record highs above $2,070/75 – Credit SuisseGold is still stalling in a range from just ahead of pivotal resistance from its $2,070 and $2,075 record highs. But economists at Credit Suisse stay
Source: FXStreetNews - 🏆 14. / 72 Read more »
S&P 500 to hold below the 4195 YTD high and turn lower – Credit SuisseEconomists at Credit Suisse discuss S&P 500 outlook. They expect the index to move downward. Move above 4195 to clear the way for a test of 4312/4325
Source: FXStreetNews - 🏆 14. / 72 Read more »