UBS to Buy Credit Suisse in $3.2B Deal

March 21, 2023 by Marion Halftermeyer, Eyk Henning, Jan-Henrik Förster & Dinesh Nair

Editor’s note: This story has been updated to reflect the final price of the UBS-Credit Suisse transaction, which is roughly $1.3 billion higher than what was initially reported Sunday by Bloomberg and other sources.]

UBS Group AG agreed to buy Credit Suisse Group AG in a historic, government-brokered deal aimed at containing a crisis of confidence that had started to spread across global financial markets.

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Originally Posted at ThinkAdvisor on March 19, 2023 by Marion Halftermeyer, Eyk Henning, Jan-Henrik Förster & Dinesh Nair.