Swiss banking giant UBS on Sunday offered to buy its embattled rival Credit Suisse for up to $1 billion, according to the Financial Times, citing four people with direct knowledge of the situation.
UBS reportedly offers to buy Credit Suisse for up to $1 billion
Swiss banking giant UBS on Sunday offered to buy its embattled rival Credit Suisse for up to $1 billion, according to the Financial Times, citing four people with direct knowledge of the situation.
| Date: | Mar. 19, 2023 1:24 PM ET |
| Link: | More at "NBC News" |
| Source: | NBC News Politics - nbcnews.com |
| Category: | Politics |
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UBS offers to buy Credit Suisse for 'substantially' more than $1 billion, sources say
A sale to UBS comes after Credit Suisse shares logged their worst weekly decline since the onset of the coronavirus pandemic.
Mar. 19, 2023 - US Top News and Analysis - Business -
Credit Suisse shares slide after UBS buys it for $3.2 billion
"Only time will tell how this shotgun wedding is received," one analyst said of merger uniting the Swiss banks.
Mar. 20, 2023 - Home - CBSNews.com - Top stories -
Credit Suisse shares slide after UBS buys it for $3.2 billion
"Only time will tell how this shotgun wedding is received," one analyst said of merger uniting the Swiss banks.
Mar. 20, 2023 - World - CBSNews.com - World -
UBS Agrees to Buy Credit Suisse for More Than $3 Billion
The deal was engineered by regulators and is designed to restore trust in the banking system.
Mar. 19, 2023 - WSJ.com: US Business - Business -
UBS to buy Credit Suisse for more than $3 billion in deal backed by Swiss government
Struggling Swiss banking giant Credit Suisse has agreed to be bought by its arch-rival UBS at a discount to Friday's close price, after seeing a wave of customer deposits exit the bank.
Mar. 19, 2023 - MarketWatch.com - Top Stories - Business -
Saudi National Bank loses over $1 billion on Credit Suisse investment
Credit Suisse's largest shareholder confirmed to CNBC that it had suffered a loss of around 80% on its investment.
Mar. 20, 2023 - US Top News and Analysis - Business -
Credit Suisse-UBS deal offers hope, but bank doubts persist
Credit Suisse shares have plunged after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price
Mar. 20, 2023 - ABC News: International - World -
UBS is buying Credit Suisse in a bid to halt the banking crisis
Switzerland's biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American banks earlier this month.
Mar. 20, 2023 - CNN.com - RSS Channel - HP Hero - Top stories -
UBS Agrees to Buy Rival Credit Suisse to Shore Up Global Market
In a deal brokered by the Swiss government, Switzerland’s largest bank will buy its smaller rival for about $3.2 billion.
Mar. 19, 2023 - NYT > Top Stories - Top stories -
UBS agrees to buy rival Credit Suisse
Swiss banking giant UBS has agreed to buy rival Credit Suisse for $3 billion. The deal, brokered by the Swiss government, is aimed at staving off fears of a broader banking collapse.
Mar. 19, 2023 - Home - CBSNews.com - Top stories -
UBS agrees to buy rival Credit Suisse
Swiss banking giant UBS has agreed to buy rival Credit Suisse for $3 billion. The deal, brokered by the Swiss government, is aimed at staving off fears of a broader banking collapse.
Mar. 19, 2023 - World - CBSNews.com - World -
UBS to buy Credit Suisse for nearly $3.25B to calm turmoil
Swiss President Alain Berset said banking giant UBS is acquiring its smaller rival Credit Suisse for almost $3.25 billion in an effort to avoid further market-shaking turmoil in global banking
Mar. 19, 2023 - ABC News: International - World -
Market Extra: Here’s why UBS’s deal to buy Credit Suisse matters to U.S. investors
Financial markets will tell the story on Monday of whether UBS's more than $3 billion deal for Credit Suisse is enough to calm down at least one side of the Atlantic.
Mar. 19, 2023 - MarketWatch.com - Top Stories - Business -
UBS agrees to buy banking rival Credit Suisse in emergency rescue
The floundering Credit Suisse bank is set to be acquired by its rival UBS, the largest bank in Switzerland, in an emergency purchase meant to stave off a wider crisis in the global banking system. The $3.2 billion takeover of Credit Suisse by UBS ...
Mar. 19, 2023 - Just In News | The Hill - Politics -
UBS agrees to buy Credit Suisse for more than $2bn
Swiss authorities engineer a deal that will combine the country’s two largest banks
Mar. 19, 2023 - World - World -
UBS agrees to buy Credit Suisse for more than $2bn
Swiss authorities engineer a deal that will combine the country’s two largest banks
Mar. 19, 2023 - UK homepage - Business -
UBS in discussions to buy Credit Suisse: report
UBS Group AG is in talks to buy all or parts of Credit Suisse, with their boards meeting separately over the weekend, the Financial Times reported late Friday.
Mar. 17, 2023 - MarketWatch.com - Top Stories - Business -
Shares of Credit Suisse plunge 63%, UBS down 14% after news that UBS will buy Credit Suisse to stave off market turmoil
Shares of Credit Suisse plunge 63%, UBS down 14% after news that UBS will buy Credit Suisse to stave off market turmoil
Mar. 20, 2023 - ABC News: International - World -
MarketWatch: Braced for Monday: Markets and investors on edge as UBS moves closer to reported $1 billion all-share deal for Credit Suisse.
A Sunday report in the Financial Times said the offer price would be 0.25 Swiss francs a share, well below Credit Suisse's Friday closing price of 1.86 Swiss francs on Friday.
Mar. 19, 2023 - MarketWatch.com - Top Stories - Business -
UBS credit outlook revised to negative by S&P on concerns about risk in Credit Suisse deal
S&P Global Ratings said it expects the integration of large parts of Credit Suisse's investment banking activities to carry material execution risk.
Mar. 20, 2023 - MarketWatch.com - Top Stories - Business -
Credit Suisse takeover risks limiting choice for Swiss start-ups, warns On Running
Premium athletic brand used bank and its rival UBS when it listed in 2021
Mar. 21, 2023 - UK homepage - Business -
UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system
ns together.
Mar. 19, 2023 - NBC News Top Stories - Top stories -
UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system
The $3.2 billion rescue deal came after a weekend of crunch talks, with the chairman of UBS describing it as "absolutely essential to ... global finance."
Mar. 19, 2023 - US Top News and Analysis - Business -
Alex Jones reportedly concealing funds to avoid $1.5bn payout to Sandy Hook families
The conspiracy theorist was ordered to pay the families of the victims damages for claims that 2012 shooting was a hoaxRightwing conspiracy theorist Alex Jones appears to be moving his money to friends and family in an attempt to avoid paying out ...
Mar. 19, 2023 - The Guardian - World -
Sergio Ermotti returns as UBS chief to steer Credit Suisse takeover
Ralph Hamers ousted after agreeing $3.25bn rescue deal
5 hours ago - UK homepage - Business