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Monday, September 25, 2023
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Sergio Ermotti Rejoins UBS as CEO: Swiss Banker to Lead the Takeover of Credit Suisse

SWITZERLAND: Sergio Ermotti has been rehired by UBS Group AG (UBSG.S) as CEO to oversee its large acquisition of neighbouring Credit Suisse (CSGN.S). This...

UBS Agrees to Buy Credit Suisse for $3.25 Billion

SWITZERLAND: The Swiss government forced rival UBS to take over ailing bank Credit Suisse for nearly $3.25 billion (£2.65 billion), far below its market value,...

UBS agrees ‘Emergency Rescue’ of Its Troubled Rival Credit Suisse 

SWITZERLAND: Struggling bank Credit Suisse has been rescued by its Swiss competitor UBS in a deal backed by the government. Sunday's announcement followed a weekend...

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