UBS (UBS) to Acquire Credit Suisse (CS)
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UBS to Acquire Credit Suisse
March 19, 2023 3:00 PM EDTCreates leading global wealth manager with USD 5 trillion of invested assets across the Group Extends UBS lead in Swiss home market UBS strategy unchanged, including focus on growth in Americas and APAC Attractive financial terms which include downside protection Annual run-rate of cost reduction of more than USD 8 billion expected by 2027 UBS remains strongly capitalized well above our target of 13% and committed to progressive cash dividend policy A focused Investment Bank, remaining committed to UBSs model; strategic Global Banking businesses to be... More
