UBS buys Credit Suisse for CHF 2 billion

Zurich, Frankfurt The struggle for the future of Credit Suisse is over: UBS takes over the second largest Swiss bank. The Swiss National Bank (SNB) is supporting the emergency merger with liquidity assistance amounting to CHF 100 billion, as the government, financial regulator and the two banks announced in a joint press conference. UBS pays … Read more

Credit Suisse fined $81 million in the US

According to a law firm in the USA, the Swiss bank Credit Suisse has agreed to pay 81 million dollars after allegations of unfair collusion. In addition, the bank is committed to helping the plaintiffs in the proceedings against other financial institutions accused of the matter, said the law firm Cohen Milstein Sellers & Toll. … Read more