events

The Swiss Government brokers a deal for UBS to buy out rival Credit Suisse in an attempt to calm the 2023 banking crisis.

Historical image related to The Swiss Government brokers a deal for UBS to buy out rival Credit Suisse in an attempt to calm the 2023 banking crisis. from March 19, 2023

Federal Council (Switzerland)

Federal government of Switzerland

The Federal Council is the federal cabinet of the Swiss Confederation. Its seven members also serve as the collective head of state and government of Switzerland. Since World War II, the Federal Council is by convention a permanent grand coalition government composed of…
Source: Wikipedia (CC BY-SA)

UBS

Multinational investment bank headquartered in Switzerland

UBS Group AG is a Swiss multinational investment bank and financial services firm founded and based in Switzerland, with headquarters in both Zurich and Basel. It holds a strong foothold in all major financial centres as the largest Swiss banking institution and the world's…
Source: Wikipedia (CC BY-SA)

Acquisition of Credit Suisse by UBS

2023 banking merger in Switzerland

On 19 March 2023, Swiss bank UBS Group AG agreed to buy Credit Suisse for CHF 3 billion in an all-stock deal brokered by the government of Switzerland and the Swiss Financial Market Supervisory Authority. The Swiss National Bank supported the deal by providing more than CHF 100…
Source: Wikipedia (CC BY-SA)

Credit Suisse

Defunct Swiss multinational bank

Credit Suisse Group AG was a global investment bank and financial services firm founded and based in Switzerland. According to UBS, eventually Credit Suisse was to be fully integrated into UBS. While the integration was yet to be completed, both banks are operating separately.…
Source: Wikipedia (CC BY-SA)

2023 United States banking crisis

Banking crisis beginning in March 2023

The 2023 United States banking crisis was a series of bank failures and bankruptcies that took place in early 2023, with the United States federal government ultimately intervening in several ways. Over the course of five days in March 2023, three small-to-mid size U.S. banks…
Source: Wikipedia (CC BY-SA)

March 19

Day of the year

March 19 is the 78th day of the year in the Gregorian calendar; 287 days remain until the end of the year.
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