UBS expects completion of UBS AG and Credit Suisse AG merger by end of Q2 2024
UBS today provided an update on the planned merger of UBS AG and Credit Suisse AG.
UBS today provided an update on the planned merger of UBS AG and Credit Suisse AG.
Today, 31 August 2023, UBS has announced its decision to fully integrate Credit Suisse’s Swiss Bank.
Credit Suisse agreed to pay USD 269 million to the Federal Reserve and GBP 87 million (USD 119m) to the PRA.
MAS says UBS and Credit Suisse operations in Singapore to continue without interruption following legal completion of takeover.
The higher “too big to fail” capital requirements due to the progressive component will fully apply to UBS after an appropriate transitional period.
Credit Suisse Group AG has been merged into UBS Group AG and the combined entity will operate as a consolidated banking group.
The priority for the federal government and UBS is to minimise potential losses and risks so that recourse to the federal guarantee is avoided.
$CSGN.ZU will be offered to clients of online broker eToro until the closing of the market on Thursday, June 8th, 2023
Credit Suisse shareholders will receive one UBS share for every 22.48 outstanding shares held.
Credit Suisse is no longer in compliance with the NYSE’s continued listing minimum price criteria set forth in the NYSE Listed Company Manual.