Switzerland’s UBS states it anticipates to total its takeover of longtime competitor Credit Suisse as early as next week
BERLIN — Switzerland’s UBS stated Monday that it anticipates to total its takeover of longtime competitor Credit Suisse as early as next week.
The 2 Zurich-based banks are joining in a 3 billion-franc ($3.3 billion) offer that was setup quickly in March by the Swiss federalgovernment and regulators after Credit Suisse’s stock plunged and tense depositors rapidly pulled out their cash.
The merger was intended at stemming turmoil in the worldwide monetary system after the co