Acquisition of Credit Suisse by UBS
id:
acquisition-of-credit-suisse-by-ubs-178-7916553
title:
Acquisition of Credit Suisse by UBS
text:
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. The Swiss National Bank supported the deal by providing more than CHF 100 billion (US$104 billion) in liquidity to UBS following its takeover of Credit Suisse's operations, while the Swiss government provided a guarantee to UBS to cover losses of up to CHF 9 billion (US$9.6 bil
brand slug:
wiki
category slug:
encyclopedia
description:
2023 banking merger in Switzerland
original url:
https://en.wikipedia.org/wiki/Acquisition_of_Credit_Suisse_by_UBS
date created:
2023-03-19T17:13:45Z
date modified:
2024-09-04T19:24:18Z
main entity:
{"identifier":"Q117220069","url":"https://www.wikidata.org/entity/Q117220069"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/3/34/UBS_Logo.png","width":1280,"height":469}
fields total:
13
integrity:
16