U.S. stocks fell on Monday following the news that UBS Group AG has closed a deal to purchase the struggling Credit Suisse investment bank. The state-backed takeover is worth over $3 billion.
"This acquisition is attractive for UBS shareholders but, let us be clear, as...
Staff at the Credit Suisse Asian offices expressed feelings of doubt over their futures at the company despite UBS's agreement to acquire the 167-year-old bank in a state-backed rescue. Multiple employees are concerned about the prospect of being retrenched as part of the acquisition...
UBS Group AG has formally offered to buy the struggling Credit Suisse for up to $1 billion, the Financial Times reported on Sunday. In order to accelerate the deal, the Swiss government will look to change the country's laws to bypass a shareholder vote...
BlackRock Inc Vice Chairman Philipp Hildebrand is taking part in talks as Swiss officials look to draft a deal that will see UBS Group take over Credit Suisse Group AG, several confidential sources reported on Saturday.
The report, which came courtesy of Bloomberg News, was...
UBS Group AG is looking to secure up to $6 billion in government guarantees as it contemplates a potential takeover of Credit Suisse Group AG, Reuters reported on Saturday. This comes after Credit Suisse was hit by a mounting debt crisis.
According to several sources,...
Markets recovered slightly on Wednesday after news that Credit Suisse would borrow up to 50 billion francs ($53.7 billion) from the Swiss central bank as a means of stabilizing its financial predicament. Credit Suisse shares fell by 24% on Wednesday following the bank's announcement...
