Credit Suisse Group AG has now been acquired by UBS Group AG, creating a new consolidated banking group. This marks a historic moment for UBS, Credit Suisse and the entire banking industry, and the beginning of a promising future together. Both banks have always placed clients at the center of everything they do.Swiss bank UBS Group AG
On 19 March 2023, Swiss bank UBS Group AG agreed to buy Credit Suisse for CHF 3 billion (US$3.2 billion) in an all-stock deal brokered by the government of Switzerland and the Swiss Financial Market Supervisory Authority.The lender will keep using the Credit Suisse brand and operations until it has moved the former rival's clients onto its own systems, which is expected to happen in 2025, it said. The decision “follows a thorough evaluation of all options,” Chief Executive Officer Sergio Ermotti said in the statement.
Is UBS buying credit in Suisse a good thing : Ultimately the deal promises to give UBS a leading position in key markets it would otherwise have needed years to grow in size and reach. "UBS got Credit Suisse for practically nothing, so accordingly the deal will work out for them," another investor told Reuters.
What will happen to Credit Suisse shareholders
According to the banks, business activities will continue until Credit Suisse Switzerland is transferred to the UBS systems, probably by 2025. Credit Suisse shares were removed from the stock exchange in June and exchanged for UBS shares. There was one new UBS share for 22.48 Credit Suisse shares.
What will the UBS do with credit in Suisse : 12 June 2023 – UBS today formally completed the acquisition of Credit Suisse and reached an important milestone. This means that Credit Suisse Group AG has been integrated into UBS Group AG. The combined bank will operate as a consolidated group.
If a collapse were to occur, a total of 66,540 employees could lose their jobs, with 50,110 of these being in-house roles. Credit Suisse is considered "too big to fail" as a systemically important financial institution integral to the economies it serves. Credit Suisse has a conensus rating of Hold which is based on 0 buy ratings, 1 hold ratings and 0 sell ratings. Credit Suisse's analyst rating consensus is a Hold. This is based on the ratings of 1 Wall Streets Analysts.
What will happen to Credit Suisse
Credit Suisse agrees to CHF3bn takeover by rival Swiss bank UBS. This content was published on Mar 19, 2023 Ailing Swiss bank Credit Suisse will be taken over by its rival UBS after a frantic last-ditch deal to prevent a catastrophic banking collapse.Each Credit Suisse shareholder will receive cash in lieu of any fractional UBS Group AG Shares that such stockholder would otherwise receive in the transaction. Note that if you hold Credit Suisse ADSs, the Credit Suisse Depositary may charge you certain fees in connection with the transaction.Existing shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held. Unusually, the merger will not be subject to shareholder approval and is expected to complete by the end of 2023. As part of this process, Credit Suisse shares will be delisted from the Swiss and New York stock exchanges. How Will the Merger Affect Shareholders The merger between Credit Suisse valued the company at CHF3 billion ($4.91 billion), a near 60% discount to its valuation at the close of play last week. Existing shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held.
Can Credit Suisse survive : Credit Suisse may have received a liquidity lifeline from the Swiss National Bank, but analysts are still assessing the embattled lender's prognosis, weighing the option of a sale and whether it is indeed “too big to fail.”
Is UBS in trouble : UBS Group's odds of distress is under 36% at this time. It has slight probability of undergoing some form of financial distress in the near future.
What will happen to my Credit Suisse shares
According to the banks, business activities will continue until Credit Suisse Switzerland is transferred to the UBS systems, probably by 2025. Credit Suisse shares were removed from the stock exchange in June and exchanged for UBS shares. There was one new UBS share for 22.48 Credit Suisse shares. UBS said its risk exposure to the sector across the group increased to $55.09 billion in 2023 from $47.1 billion in 2022, largely due to the acquisition of its rival Credit Suisse.Crédit Suisse shareholders retained value amounting to around $3.4bn while the investment of AT1 bondholders was entirely written off. Some AT1 bondholders have filed proceedings in Switzerland against FINMA in relation to this decision.
What happens to my Credit Suisse shares now : According to the banks, business activities will continue until Credit Suisse Switzerland is transferred to the UBS systems, probably by 2025. Credit Suisse shares were removed from the stock exchange in June and exchanged for UBS shares. There was one new UBS share for 22.48 Credit Suisse shares.
![Kladsko-5-malý-Karlův-Most[1]](https://www.einarstrayorchestra.com/wp-content/uploads/2024/06/Kladsko-5-maly-Karluv-Most1-1024x692-250x120.jpg)
![Stubai[1]](https://www.einarstrayorchestra.com/wp-content/uploads/2024/06/Stubai1-250x120.jpg)
Antwort What will happen if UBS buys Credit Suisse? Weitere Antworten – What is the new name for Credit Suisse
UBS Group AG
Credit Suisse Group AG has now been acquired by UBS Group AG, creating a new consolidated banking group. This marks a historic moment for UBS, Credit Suisse and the entire banking industry, and the beginning of a promising future together. Both banks have always placed clients at the center of everything they do.Swiss bank UBS Group AG
On 19 March 2023, Swiss bank UBS Group AG agreed to buy Credit Suisse for CHF 3 billion (US$3.2 billion) in an all-stock deal brokered by the government of Switzerland and the Swiss Financial Market Supervisory Authority.The lender will keep using the Credit Suisse brand and operations until it has moved the former rival's clients onto its own systems, which is expected to happen in 2025, it said. The decision “follows a thorough evaluation of all options,” Chief Executive Officer Sergio Ermotti said in the statement.
Is UBS buying credit in Suisse a good thing : Ultimately the deal promises to give UBS a leading position in key markets it would otherwise have needed years to grow in size and reach. "UBS got Credit Suisse for practically nothing, so accordingly the deal will work out for them," another investor told Reuters.
What will happen to Credit Suisse shareholders
According to the banks, business activities will continue until Credit Suisse Switzerland is transferred to the UBS systems, probably by 2025. Credit Suisse shares were removed from the stock exchange in June and exchanged for UBS shares. There was one new UBS share for 22.48 Credit Suisse shares.
What will the UBS do with credit in Suisse : 12 June 2023 – UBS today formally completed the acquisition of Credit Suisse and reached an important milestone. This means that Credit Suisse Group AG has been integrated into UBS Group AG. The combined bank will operate as a consolidated group.
If a collapse were to occur, a total of 66,540 employees could lose their jobs, with 50,110 of these being in-house roles. Credit Suisse is considered "too big to fail" as a systemically important financial institution integral to the economies it serves.
Credit Suisse has a conensus rating of Hold which is based on 0 buy ratings, 1 hold ratings and 0 sell ratings. Credit Suisse's analyst rating consensus is a Hold. This is based on the ratings of 1 Wall Streets Analysts.
What will happen to Credit Suisse
Credit Suisse agrees to CHF3bn takeover by rival Swiss bank UBS. This content was published on Mar 19, 2023 Ailing Swiss bank Credit Suisse will be taken over by its rival UBS after a frantic last-ditch deal to prevent a catastrophic banking collapse.Each Credit Suisse shareholder will receive cash in lieu of any fractional UBS Group AG Shares that such stockholder would otherwise receive in the transaction. Note that if you hold Credit Suisse ADSs, the Credit Suisse Depositary may charge you certain fees in connection with the transaction.Existing shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held. Unusually, the merger will not be subject to shareholder approval and is expected to complete by the end of 2023. As part of this process, Credit Suisse shares will be delisted from the Swiss and New York stock exchanges.
How Will the Merger Affect Shareholders The merger between Credit Suisse valued the company at CHF3 billion ($4.91 billion), a near 60% discount to its valuation at the close of play last week. Existing shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held.
Can Credit Suisse survive : Credit Suisse may have received a liquidity lifeline from the Swiss National Bank, but analysts are still assessing the embattled lender's prognosis, weighing the option of a sale and whether it is indeed “too big to fail.”
Is UBS in trouble : UBS Group's odds of distress is under 36% at this time. It has slight probability of undergoing some form of financial distress in the near future.
What will happen to my Credit Suisse shares
According to the banks, business activities will continue until Credit Suisse Switzerland is transferred to the UBS systems, probably by 2025. Credit Suisse shares were removed from the stock exchange in June and exchanged for UBS shares. There was one new UBS share for 22.48 Credit Suisse shares.
UBS said its risk exposure to the sector across the group increased to $55.09 billion in 2023 from $47.1 billion in 2022, largely due to the acquisition of its rival Credit Suisse.Crédit Suisse shareholders retained value amounting to around $3.4bn while the investment of AT1 bondholders was entirely written off. Some AT1 bondholders have filed proceedings in Switzerland against FINMA in relation to this decision.
What happens to my Credit Suisse shares now : According to the banks, business activities will continue until Credit Suisse Switzerland is transferred to the UBS systems, probably by 2025. Credit Suisse shares were removed from the stock exchange in June and exchanged for UBS shares. There was one new UBS share for 22.48 Credit Suisse shares.