UBS bought Credit Suisse. On the closing of the transaction on the evening of March 19, reports Archyde.com. The decision to sell was made to prevent negative processes in the global banking sector, the Swiss authorities noted. The deal amounted to $3.24 billion.
Recall that Credit Suisse found itself in a difficult financial situation, the Central Bank of Switzerland tried to support its liquidity, but this measure only stopped the fall.
After the announcement of the closing of the transaction, the Central Bank of Switzerland decided to increase the liquidity of the financial institution by $100 billion.
