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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 ...
UBS traces its history to 1862, the year when Bank in Winterthur, forerunner of Union Bank of Switzerland, was founded. [80] When Union Bank and SBC merged, officials originally wanted to name the merged company the "United Bank of Switzerland," but opted to call it simply UBS because of a name clash with the separate Swiss company United Bank ...
Credit Suisse stock (CS) in the NYSE fell from $2.50 to $1.88 a share on 15 March 2023. [116] On 19 March 2023, fellow Swiss bank group UBS agreed to buy Credit Suisse for more than US$3 billion. [99] The purchase of Credit Suisse by UBS has reportedly averted a greater crisis, according to SNB. [117]
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...
Bloomberg Commodity Index. The Bloomberg Commodity Index (BCOM) is a broadly diversified commodity price index distributed by Bloomberg Index Services Limited. The index was originally launched in 1998 as the Dow Jones-AIG Commodity Index (DJ-AIGCI) and renamed to Dow Jones-UBS Commodity Index (DJ-UBSCI) in 2009, when UBS acquired the index ...
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.
Chart of U.S. bank mergers. This 2012 chart shows some of the mergers noted above. Solid arrows point from the acquiring bank to the acquired one. The lines are labeled with the year of the deal and color-coded from blue (older) to red (newer). Dotted arrows point to the final merged entity.
Headquarters. Basel, Switzerland. Swiss Bank Corporation (French: Société de banque suisse; German: Schweizerischer Bankverein) was a Swiss investment bank and financial services company located in Switzerland. Prior to its merger, the bank was the third largest in Switzerland, with over CHF 300 billion of assets and CHF 11.7 billion of equity.