UBS agrees to buy Credit Suisse in shotgun merger | TheStarTV.com

UBS agrees to buy Credit Suisse in shotgun merger

Published on 20 Mar 2023 10:47:13 AM

UBS will buy rival Swiss bank Credit Suisse for US$3.23 billion and assume up to US$5.4 billion in losses, in a shotgun merger engineered by Swiss authorities that won applause from other central bankers keen to avoid further market-shaking turmoil.

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Keywords
ubs, credit suisse, merger, bank, swiss, scandal

UBS will buy rival Swiss bank Credit Suisse for US$3.23 billion and assume up to US$5.4 billion in losses, in a shotgun merger engineered by Swiss authorities that won applause from other central bankers keen to avoid further market-shaking turmoil.

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
ubs, credit suisse, merger, bank, swiss, scandal

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