World
12:59, 12-Jun-2023
UBS completes takeover of Credit Suisse
Updated
13:26, 12-Jun-2023
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Swiss banking giant UBS on Monday said it completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank with a balance sheet of $1.6 trillion.
(With input from Reuters)
(Cover: A sign of Swiss banking giant UBS bank is seen next to a sign of Credit Suisse in Basel, Switzerland, April 4, 2023. /CFP)
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Disinformation report hotline: 010-85061466