On 19 March 2023, Swiss bank UBS Group AG agreed to buy Credit Suisse for CHF 3 billion (US$ 3.2 billion) in an all-stock deal brokered by the government of Switzerland and the Swiss Financial Market Supervisory Authority. [1][2][3] The Swiss National Bank supported the deal by providing more than CHF 100 billion (US$104 billion) in liquidity to...

Jun 14, 2023 · UBS has completed the acquisition of Credit Suisse today, crossing an important milestone. Credit Suisse Group AG has been merged into UBS Group AG and the combined entity will operate as a consolidated banking group.

Jul 1, 2024 · UBS Switzerland AG has succeeded to all the rights and obligations of Credit Suisse (Schweiz) AG. The merger of the Swiss entities facilitates the migration of clients and operations from Credit Suisse (Schweiz) AG to the UBS platform, following business, client- and product-specific requirements.

13 hours ago · Zurich: Switzerland's biggest bank UBS said it had met its key targets in 2024 for absorbing Credit Suisse and voiced confidence Tuesday it would "substantially complete" the mega-merger by the end of 2026. "We achieved all key integration milestones in 2024 and significantly reduced execution risk, while our capital position remained robust," chief executive Sergio Ermotti said in a statement ...

May 31, 2024 · Today, Credit Suisse AG has been deregistered in the Commercial Register of the Canton of Zurich and has ceased to exist as a separate entity. UBS AG has succeeded to all the rights and obligations of Credit Suisse AG, including …

Jun 12, 2023 · UBS has finalized its emergency takeover of fallen rival Credit Suisse, creating a giant Swiss bank with nearly $1.7 trillion in assets in the biggest banking tie-up since the 2008 global...

11 hours ago · UBS Group AG has cut more than 10,000 roles since it bought Credit Suisse, marking a milestone in the lender’s efforts to integrate its former rival. Global headcount stood at 108,648 at the end ...

Jun 12, 2023 · UBS says it has completed its takeover of embattled rival Credit Suisse. The announcement comes nearly three months after the Swiss government hastily arranged a rescue deal to combine the country’s two largest banks.

As of 1 July 2024, Credit Suisse (Schweiz) AG has merged with UBS Switzerland AG. From a legal perspective, this means that UBS Switzerland AG is now your contracting party. This …

13 hours ago · In March 2023, Swiss authorities strongarmed UBS into a $3.25-billion takeover to prevent Credit Suisse from going under, with what could have been catastrophic consequences for the global ...