Published 11 months ago

UBS expects to seal Credit Suisse takeover as early as June 12

Summary by Reuters

UBS (UBSG.S) expects to complete its takeover of Credit Suisse (CSGN.S) "as early as June 12", which will create a giant Swiss bank with a balance sheet of $1.6 trillion following a government-backed rescue earlier this year.

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Times of India

UBS expects to seal Credit Suisse takeover as early as June 12

Swiss banking giant UBS will be completing its takeover of Credit Suisse around 12 June. This is later than the expected date of UBS chief executive Sergio Ermotti. UBS has agreed to buy Credit Suisse on March 19 for $3.25 billion. Ermotti after the takeover will be handling invested assets worth $5 trillion.

11 months ago·India

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Reuters

UBS expects to seal Credit Suisse takeover as early as June 12

UBS expects to complete its takeover of Credit Suisse "as early as June 12", which will create a giant Swiss bank with a balance sheet of $1.6 trillion following a government-backed rescue earlier this year.

11 months ago·United Kingdom

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Associated Press News

Switzerland's UBS says it could complete Credit Suisse takeover on June 12

Switzerland’s UBS says it expects to complete its takeover of longtime rival Credit Suisse as early as next week. The two Zurich-based banks, longtime rivals, are uniting in a 3

11 months ago·United States

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abc News

Switzerland's UBS says it could complete Credit Suisse takeover on June 12

Switzerland’s UBS says it expects to complete its takeover of longtime rival Credit Suisse as early as next week

11 months ago·United States

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KRDO

Switzerland's UBS says it could complete Credit Suisse takeover on June 12

BERLIN (AP) — Switzerland’s UBS says it expects to complete its takeover of longtime rival Credit Suisse as early as next week. The two Zurich-based banks, longtime rivals, are uniting in a 3 billion-franc ($3.3 billion) deal that was arranged hastily in March by the Swiss government and regulators after Credit Suisse’s stock plunged and jittery depositors quickly pulled out their money. The merger was aimed at stemming upheaval in the global fi…

11 months ago·Colorado Springs, United States

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