March 30, 2023
Swiss authorities and UBS bank are trying to close the deal with Credit Suisse by the end of April
Swiss authorities and UBS bank are trying to close the deal with Credit Suisse by the end of April
Ali Sabbaghi
0
March 19, 2023
UBS agrees to buy Credit Suisse for more than $2 billion, Financial Times reports
UBS (UBSG.S) has agreed to buy Credit Suisse after increasing its offer to more than $2 billion, the Financial Times reported on Sunday.
UBS will pay more than 0.50 francs ($0.5401) a share in its own stock, far below Credit Suisse’s closing price of 1.86 francs on Friday, FT reported, citing sources.
The Swiss National Bank has agreed to offer a $100 billion liquidity line to Credit Suisse as part of the deal, the FT added, citing two people familiar with the matter.
source: Reuters
Ali Sabbaghi
