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UBS Group AG agreed to buy Credit Suisse for CHF 3 billion in an all-stock deal brokered by the Swiss government and the Swiss Financial Market Supervisory Authority. The deal was initiated on 19 March 2023 and completed on 12 June 2023, amid a global financial turmoil triggered by the collapse of several U.S. banks.
Credit Suisse is a global investment bank and financial services firm founded in 1856 and based in Switzerland. It was acquired by UBS in 2023 to avoid bankruptcy and faced multiple scandals and investigations for tax avoidance.
UBS is the largest Swiss banking institution and the largest private bank in the world, founded in 1862 and based in Zürich. It provides wealth management, asset management, investment banking and other financial services for private, corporate and institutional clients, and has a history of banking secrecy and tax avoidance controversies.
Credit Suisse dropped about 30 per cent on the on the Swiss stock exchange Wednesday after Wall Street expert Robert Kiyosaki tipped it as the next major bank to collapse
In 1989, Körner began his professional career as an auditor with Price Waterhouse, Zurich. From 1993 to 1998, he was a management consultant with McKinsey & Company in Zurich. [3] Körner joined Credit Suisse as chief financial officer (CFO) for Switzerland in 1998. He then became head of technology and services in 2000, before assuming the ...
The Swiss National Bank (SNB) is the central bank of Switzerland, responsible for the nation's monetary policy and the sole issuer of Swiss franc banknotes. Learn about its history, functions, ownership, and controversies from this Wikipedia article.
Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss ... The Zurich-based bank's announcement helped reverse some of the heavy share market losses and restored ...
A comprehensive list of the largest Swiss companies ranked by their annual revenue in 2017. The list covers various industries such as commodity trading, food, pharmaceutical, engineering, retail, banking and more.