UBS terminates CHF 9 billion Loss Protection Agreement and PLB guaranteed by Swiss govt
UBS Group AG will voluntarily terminate the CHF 9 billion Loss Protection Agreement (LPA) with the Swiss government.
UBS
UBS resolves Credit Suisse regulatory matters related to Archegos
Credit Suisse agreed to pay USD 269 million to the Federal Reserve and GBP 87 million (USD 119m) to the PRA.
UBS, Numarics plan strategic partnership
UBS has made an investment in Numarics through its venture and innovation unit, UBS Next.
MAS says UBS and Credit Suisse operations in Singapore to continue without interruption
MAS says UBS and Credit Suisse operations in Singapore to continue without interruption following legal completion of takeover.
FINMA says higher “too big to fail” capital requirements to apply to UBS
The higher “too big to fail” capital requirements due to the progressive component will fully apply to UBS after an appropriate transitional period.
UBS closes Credit Suisse acquisition
Credit Suisse Group AG has been merged into UBS Group AG and the combined entity will operate as a consolidated banking group.
Swiss authorities and UBS sign loss protection agreement
The priority for the federal government and UBS is to minimise potential losses and risks so that recourse to the federal guarantee is avoided.
UBS expects to close Credit Suisse acquisition as early as 12 June 2023
Credit Suisse shareholders will receive one UBS share for every 22.48 outstanding shares held.
European Commission approves acquisition of Credit Suisse by UBS
The European Commission has approved unconditionally, under the EU Merger Regulation, the merger between Credit Suisse and UBS.
Swiss Federal Council consults on public liquidity backstop for systemically important banks
Switzerland’s Federal Council has opened a consultation on the introduction of a public liquidity backstop for systemically important banks.
