World
Switzerland's UBS has officially completed its acquisition of Credit Suisse
12 June 2023, 17:31
The Swiss "UBS" financial group officially announced on Monday the completion of the purchase of the "Credit Suisse" bank.
In mid-March, the value of Credit Suisse shares on the stock exchange decreased by a quarter in just one day. Observers feared a bank collapse due to a wave of bank failures in the United States. After that, the Swiss central bank announced that the country's largest bank, "UBS," would acquire "Credit Suisse" for 3 billion francs ($3.2 billion).
