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Investors appear pleased with the way UBS has handled the deal. Its shares are up about 35% this year on the Swiss SIX stock exchange, including a 5% gain to 23.25 Swiss francs Thursday morning ...
The final deal to purchase Credit Suisse for CHF 3 billion ($3.2 billion) was accepted by the board of Credit Suisse prior to the opening of Asian financial markets on Monday morning. The acquisition was an all-stock deal, with Credit Suisse shareholders receiving 1 UBS share per 22.48 Credit Suisse shares, equivalent to CHF 0.76 per share.
UBS agreed to buy its embattled rival Credit Suisse for $3.2 billion Sunday, with Swiss regulators playing a key part in the deal as governments looked to stem a contagion threatening the global ...
UBS reported Tuesday a $255 million pre-tax loss as the giant Swiss bank shed some 4,000 jobs globally, cut costs faster than expected, and reaped billions in asset inflows in the third quarter ...
U.S. stocks edged upward Monday, led by the Dow, following UBS's deal to buy smaller rival Credit Suisse in a bid to avoid further market-shaking turmoil in global banking.
The UBS 100 Index is a Swiss share index launched in April 1987. It tracks the 100 Swiss companies with the largest market capitalizations that are listed on the SIX Swiss stock exchange . In 2022, the UBS 100 Index covered 98% of the publicly traded shares of Swiss companies, measured by free-float market capitalization.
UBS also entered the life insurance business in 1993 establishing UBS Life. UBS formed a joint venture with Swiss Life in 1995, known as UBS Swiss Life. UBS took a 25% ownership position in Swiss Life in exchange for a 50% share in the joint venture. [5] UBS entered the 1990s clearly the largest and most conservative of the three large Swiss Banks.
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