UBS and Credit Suisse both saw their shares spiral after the former agreed to an emergency rescue of the latter.Â
Shares of Swiss banking giants UBS and Credit Suisse plunged substantially following a takeover of the latter. On Monday morning, UBS secured a 3...
As reported by financial times struggling Credit Suisse has received an buyout offer from Switzerland based private bank UBS. Earlier CoinGape published confirmation of a merger between Credit Suisse and UBS.
UBS Offer $1 Billion To Struggling Credit Suisse
UBS...
The Credit Suisse stock jumped by over 40% in Thursday’s opening trade as the %54 billion credit line extended by the Swiss National Bank comes as a major relief.
The global financial and banking system seems to be...
The firm’s Chairman Axel Lehmann declined to comment on whether it will need assistance from the government in the future, he highlighted that the bank has no problems as it has good return capital ratios.
With the banking industry...