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UBS (UBS, UBSG.SW) stock surged 7% at the open of Thursday's trading in the US. Year to date it has climbed more than 43%, reaching its highest price since 2008.
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. [ 1 ...
Zürich, Switzerland. Total assets. CHF416 billion (1996) [1] Number of employees. 29,100 (1996) [1] Union Bank of Switzerland (UBS) [a] was a Swiss investment bank and financial services company located in Switzerland. The bank, which at the time was the second largest bank in Switzerland, merged with Swiss Bank Corporation in 1998 to become UBS.
Here are the UBS-Credit Suisse deal details: Purchase Price: More than $3 billion. Who Will Run the Combined Entity: UBS chair Colm Kelleher and UBS CEO Ralph Hamers. Other: UBS sees the deal as ...
A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock or security on a particular stock exchange. Ticker symbols are arrangements of symbols or characters (generally Latin letters or digits) which provide a shorthand for investors to refer to, purchase, and research securities.
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Ticker tape was the earliest electrical dedicated financial communications medium, transmitting stock price information over telegraph lines, in use from around 1870 to 1970. It consisted of a paper strip that ran through a machine called a stock ticker , which printed abbreviated company names as alphabetic symbols followed by numeric stock ...
UBS Group AG (VTX:UBSG) saw significant share price volatility over the past couple of months on the SWX, rising to the highs of CHF17.59 and falling to the lows ofRead More...