UBS Offers To Buy Embattled Bank Credit Suisse For Up To $1 Billion
If the deal is closed, it would represent a significant discount: UBS would pay $0.
to Credit Suisse “if necessary” hours earlier, but the bank’s share price still slid almost 7% the following day.Shares of Credit Suisse have plummeted in recent weeks, and trading was halted Wednesday after the share price. On Tuesday, the bank said it had suffered “material weakness” in its 2021 and 2022 financial reporting processes. In response, its biggest backer, the Saudi National Bank, said it wouldn’t buy any more shares in Credit Suisse.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
UBS offers to buy Credit Suisse for up to $1 billion - FTUBS Group AG has offered to buy Credit Suisse for up to $1 billion, with the Swiss government planning to change the country's laws to bypass a shareholder vote on the transaction, the Financial Times reported on Sunday.
Lire la suite »
UBS offers to buy Credit Suisse for up to $1 billion - FT By Reuters⚠️BREAKING: *UBS OFFERS TO BUY CREDIT SUISSE FOR $1 BILLION IN SHARES, A FRACTION OF ITS MARKET VALUE $UBS $CS 🇨🇭🇨🇭
Lire la suite »
UBS Offers $1 Billion to Buy Credit SuisseBreaking: UBS has offered to buy Credit Suisse for around $1 billion in a deal engineered by Swiss regulators to restore trust in the banking system
Lire la suite »
UBS in discussions to buy Credit Suisse: reportUBS 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.
Lire la suite »
UBS in talks to buy troubled Credit Suisse, FT reportsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Lire la suite »
UBS closing in on deal to buy fellow Swiss bank Credit SuisseSwiss bank UBS Group is closing in on a deal to take over its rival Credit Suisse amid a weekend of frenzied negotiations, according to multiple reports.
Lire la suite »