UBS to Purchase Credit Suisse
UBS has announced that it has completed a takeover of Credit Suisse after Swiss regulators negotiated the deal.
UBS has announced that it has completed a takeover of Credit Suisse after Swiss regulators negotiated the deal.
In a deal negotiated by the Swiss regulators, UBS offered $1 billion to take over Credit Suisse in an effort to restore trust in the banking system.
To restore confidence in the world’s banking system, UBS is in talks to takeover all or a portion of Credit Suisse.
UBS named Colm Kellsher, a Morgan Stanley executive, as their chairman of the board after Axel Weber leaves next year.