After nearly two centuries: Taken over
The largest Swiss bank, UBS, has agreed to buy rival Swiss bank Credit Suisse for $3.23 billion (about three billion euros) in shares.
Monday, 20.03.2023.
09:29
After nearly two centuries: Taken over
UBS also took up to $5.4 billion (about 5.05 billion euros) in losses, based on a plan by Swiss authorities to avoid further turmoil in the banking market.The agreement also includes 108 billion dollars of aid (about 101 billion euros) for the liquidity of UBS and Credit Suisse, which will be paid by the Swiss Central Bank.
The Swiss government is providing a loss guarantee of up to 9.7 billion dollars (about 9.07 billion euros) to enable UBS to take over Credit Suisse, which will be activated if losses occur, Reuters reported.
The takeover of Credit Suisse from UBS ensures financial stability and protects the Swiss economy in this exceptional situation, the Swiss Central Bank announced.
Under the terms of the deal, Credit Suisse shareholders will receive one UBS share for every 22.48 Suisse shares, equivalent to 0.76 Swiss francs per share, UBS said.
Credit Suisse, Switzerland's second-largest bank, is facing a crisis of confidence and its shares have fallen sharply in recent days, sparking a wave of market anxiety, according to the BBC.
The problems at Credit Suisse, combined with the collapse of two US banks over the past two weeks, have cast doubt on the stability of the global financial system.
Credit Suisse is one of about 30 banks in the world that are considered too big to fail because they are of great importance to the banking system.
However, the 167-year-old institution is loss-making and has faced a series of problems in recent years, including allegations of money laundering.
A $54 billion bailout from the Swiss National Bank failed to calm markets on Wednesday, with Credit Suisse shares down 24 percent.
0 Komentari
Možda vas zanima
"Zbogom bankomati": Uveden novi sistem isplate
Podizanje gotovine za kupovinu postaje sve popularnije među potrošačima u Nemačkoj. Ukupni obim gotovinskih plaćanja prošle godine je porastao 20 odsto na 12,31 milijardu evra.
13:19
18.4.2024.
1 d
Poznata srpska voditeljka pronađena mrtva
Voditeljka Bojana Janković (bivše Nikolić) pronađena je mrtva u jednom stanu u Beogradu.
21:15
19.4.2024.
14 h
Uništeno; Zelenski: Hvala na preciznosti
U ukrajinskom napadu na vojni aerodrom na Krimu u sredu ozbiljno su oštećena četiri lansera raketa, tri radarske stanice i druga oprema, saopštila je danas Ukrajinska vojna obaveštajna agencija.
14:21
18.4.2024.
1 d
"Mojoj braći na OI želim sve najbolje, ja nisam dovoljno dobar" VIDEO
Košarkaš Dalasa Kajri Irving nije se našao na spisku reprezentacije SAD za predstojeće Olimpijske igre u Parizu.
9:12
19.4.2024.
1 d
Velika eksplozija u Ukrajini VIDEO
U Harkovskoj oblsti na istoku Ukrajine eksplodirao je gasovod, usled čega je izbio požar, saopštila je danas harkovska Oblasna vojna uprava.
22:12
18.4.2024.
1 d
Komentari 0