UBS

On April 2, according to a report by the Financial Times, Swiss federal prosecutors have launched an investigation into the acquisition of Credit Suisse by a larger competitor, UBS

On April 2nd, according to foreign media reports, a senior manager of UBS revealed that UBS plans to cut 20% to 30% of its workforce after acquiring Credit Suisse, potentially cutt

On April 2nd, according to foreign media reports, a senior manager of UBS revealed that UBS plans to cut 20% to 30% of its workforce after acquiring Credit Suisse, potentially cutt

According to reports, people familiar with the matter said that Credit Suisse and UBS were being reviewed by the US Department of Justice. According to reports, the United States D

According to reports, under the mediation of the Swiss government, UBS agreed to acquire rival Credit Suisse for 3 billion Swiss francs and agreed to bear losses of up to $5.4 billion. UBS said that the 22.48 shares held by its shareholders would be exchanged for one UBS share, equivalent to 0.76 Swiss francs per share, for a total consideration of 3 billion Swiss francs. The transaction is expected to be completed by the end of 2023, with annual cost savings of approximately $7 billion by 2027. The Swiss Central Bank said it would provide liquidity assistance of 100 billion Swiss francs ($108 billion) to the merged banks. The Swiss Financial Market Supervisory Authority (FINMA) stated that all business activities of the two banks would likely continue without restriction or interruption. With the support of the Swiss government, Credit Suisse’s additional Tier 1 capital bond (AT1) with a nominal value of approximately 16 billion Swiss francs ($17.2 billion) will be…

According to reports, the Swiss Central Bank said that UBS announced its acquisition of Credit Suisse today. Significant liquidity assistance will be provided to support UBS’s acquisition of Credit Suisse. Both UBS and Credit Suisse have unrestricted access to the existing facilities of the Swiss Central Bank. The acquisition was achieved with the support of the Swiss Federal Government, the Swiss financial market regulator Finma, and the Swiss Central Bank. The Swiss Central Bank said it could provide up to 100 billion Swiss francs of liquidity assistance loans to Credit Suisse and provide federal default guarantees. Swiss Central Bank: Can provide up to 100 billion Swiss francs of liquidity assistance loans to Credit Suisse Analysis based on this information:UBS, a Swiss multinational investment bank and financial services company, has announced its acquisition of Credit Suisse, a leading global wealth manager and investment bank. Reports state that the Swiss Central Bank will provide significant liquidity assistance to support UBS’s acquisition of…

According to reports from the Financial Times, people familiar with the matter said UBS had agreed to acquire Credit Suisse and raised its bid to more than $2 billion. UBS will purchase the shares of Credit Suisse at a price of more than 0.5 Swiss francs per share, which is still far below the closing price of 1.86 Swiss francs last Friday. In addition, UBS has agreed to soften the “material adverse change” clause, which stipulates that if UBS’s credit default spreads soar, the transaction will lapse. The material adverse change clause will apply between the signing and completion of the transaction. People familiar with the matter also said that the Swiss authorities have obtained the prior approval of relevant regulatory bodies in the United States and Europe, and it is expected that the United States and Europe will issue a joint statement today. Two people familiar with the matter said UBS would significantly shrink Credit Suisse’s investment banking business,…

12:00-21:00 Keywords: UBS, DefiLlama, Ark Invest, Pendle Overview of important developments in the evening of March 19th Analysis based on this information:On a nine-hour window of time in the crypto market, starting from 12:00 to 21:00, there were significant movements and appearances of noteworthy players. Four keywords could summarize the message and the events that took place: UBS, DefiLlama, Ark Invest, and Pendle. UBS, a Swiss-based multinational investment bank, is known to have adopted a cautious stance on cryptocurrencies in the past. However, through a new report published on June 7, the banking giant acknowledged that cryptocurrencies are in their early stages but are also a speculative asset class with significant volatility. The report highlights a shift in the bank’s approach towards digital assets, albeit still not fully embracing them. UBS’s statement is a significant update to its previous views that portrayed cryptocurrencies as a bubble. DefiLlama is the second keyword that hints at the surge in decentralized finance (DeFi)…

According to reports, Credit Suisse is said to be rejecting UBS’s $1 billion acquisition offer. Previously, UBS proposed to acquire Credit Suisse for up to US $1 billion and acquire Credit Suisse shares for 0.25 Swiss francs per share. Credit Suisse reportedly will reject UBS’s $1 billion acquisition offer Analysis based on this information:According to recent reports, Credit Suisse has rejected UBS’s acquisition offer of approximately US $1 billion. UBS had proposed to acquire Credit Suisse for up to a billion dollars and purchase its shares for 0.25 Swiss francs per share. Credit Suisse rejected this offer without revealing its reasons. Credit Suisse is a major Swiss multinational investment bank and financial services company based in Zurich, Switzerland. It was founded in 1856 and has a reputation as one of the world’s most prominent and successful banks. Credit Suisse offers a comprehensive range of services, including wealth management, investment banking, and asset management. The bank has been in the news…

According to reports, according to the Financial Times, UBS has proposed to acquire Credit Suisse for up to $1 billion. The Swiss authorities are planning to amend the country’s laws to bypass shareholder votes on the deal, as they are eager to finalize the deal by Monday. Four people familiar with the matter said that an all stock transaction between Switzerland’s two largest banks would be signed as early as Sunday night, and the transaction price would be only a small portion of Credit Suisse’s closing price on Friday, which would almost cost Credit Suisse’s shareholders nothing. People familiar with the matter said that on Sunday morning, the two sides had a communication on the acquisition offer. UBS proposed to purchase the shares of Credit Suisse at a price of 0.25 Swiss francs per share, which was far lower than the closing price of 1.86 Swiss francs last Friday. People familiar with the matter added that UBS also insisted on…

According to reports, according to Sky News, the UK banking regulator has approved UBS’s acquisition of Credit Suisse. Credit Suisse, with about 5000 employees in the UK, is one of the largest investment banking employers in the City of London. Currently, global financial regulators are racing to contain the biggest banking crisis since 2008. According to reports, the Bank of England has indicated to international peers and UBS that it will support this emergency transaction, and both European banking giants hope to announce a deal later on Sunday. British Chancellor of the Exchequer Hunter and Bank of England Governor Bailey are closely monitoring the progress of the transaction. Sources in the City of London said that this weekend, the US authorities have put pressure on the Swiss government to speed up the formulation of a crisis resolution. UK regulators are known to support the merger of UBS and Credit Suisse Analysis based on this information:The news has emerged that the…

According to reports, according to the Financial Times, Switzerland (the authorities) is preparing to take emergency measures to allow UBS to acquire Credit Suisse. Switzerland is preparing to take emergency measures to get UBS to buy Credit Suisse Analysis based on this information:The Financial Times recently reported that Swiss authorities are planning to implement emergency measures to allow UBS, the largest bank in Switzerland, to acquire Credit Suisse, Switzerland’s second-largest bank. This news has sparked many speculations about the implications of such a move, both for the banking sector in Switzerland and the global financial industry. To understand the significance of Switzerland’s decision to take emergency measures for this acquisition, we first need to look at the current state of the two banks. While UBS has been performing reasonably well, Credit Suisse has been struggling in recent years, facing various scandals, regulatory fines, and operational challenges. As a result, its stock price and reputation have taken a hit, making it…

According to reports, the Financial Times quoted people familiar with the matter as saying that Credit Suisse, UBS and their main regulators are stepping up efforts to reach an agreement on the historic merger of Switzerland’s two largest banks, which will be reached as soon as Saturday evening. The Swiss Central Bank and the Swiss Financial Market Supervisory Authority (Finma) have stated to their international counterparts that they believe that reaching a deal with UBS is the only option to prevent the market from collapsing in confidence in Credit Suisse. Regulators in the United States, Britain, and Switzerland are considering the legal structure of the transaction, as well as several concessions UBS is seeking. People familiar with the matter: UBS and Swiss regulators will complete the transaction with Credit Suisse as soon as Saturday evening Analysis based on this information:Reports have emerged suggesting that Credit Suisse and UBS, Switzerland’s two largest banks, are on the verge of reaching a historic…

According to reports, according to people familiar with the matter, BlackRock is embarking on a competitive acquisition of Credit Suisse, aimed at defeating UBS’s plan to acquire Credit Suisse this weekend, which is supported by the Swiss Central Bank. Insider: BlackRock is preparing to launch a competitive acquisition of Credit Suisse Analysis based on this information:Reports reveal that BlackRock, a global investment management company, is in competition with UBS to acquire Credit Suisse. This acquisition is aimed at defeating UBS’s plan to acquire Credit Suisse over the upcoming weekend, which is supported by the Swiss Central Bank. The acquisition of Credit Suisse is seen as a significant step towards gaining a competitive edge in the global investment market. BlackRock’s move to acquire Credit Suisse is a clear indication of its intent to dominate the investment market by expanding its portfolio of clients and diversifying its products and services offerings. As a leading global investment management company, BlackRock has a vast…

According to reports, Ivan Kachkovski, a strategist at UBS, said that the upcoming M The Gox bankruptcy repayment may not cause people to worry about the price…