Press "Enter" to skip to content

Posts tagged as “Alain Berset”

Swiss Banking Giants UBS and Credit Suisse Agree to Merger to Avoid Further Market Turmoil

Swiss President Alain Berset has announced a merger between UBS and Credit Suisse, two of the largest banks in Switzerland, with the government guaranteeing liquidity of 150 billion francs. The deal is expected to create a banking giant with a combined market capitalization of over $100 billion.