Illinois Master Agreement between Credit Suisse Financial Products and Bank One National Association
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How to fill out Master Agreement Between Credit Suisse Financial Products And Bank One National Association?
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FAQ
UBS expects to shed around 3,000 jobs in Switzerland to help it cut $10 billion in costs as it undertakes a sweeping overhaul following its emergency rescue of Credit Suisse earlier this year.
One Bank Collaboration (OBC) is all about having an established network of colleagues who have the trust in each other to execute and deliver the right solutions to the bank's clients. Through this strategy, Credit Suisse generates creative solutions and enables stronger client relationships.
The Swiss government has forced through the takeover of stricken bank Credit Suisse by rival UBS for almost $3.25bn (£2.65bn) ? well below its market value ? amid fears that a failure to protect depositors would trigger a new global banking crisis.
The strategic update suggests that UBS has started to look beyond the integration of its former competitor, which was rescued from collapse by government support in March. The acquisition of some of Credit Suisse's business territories in Asia and Latin America has given UBS an immediate scale boost.
The lender will keep using the Credit Suisse brand and operations until it has moved the former rival's clients onto its own systems, which is expected to happen in 2025, it said. The decision ?follows a thorough evaluation of all options,? Chief Executive Officer Sergio Ermotti said in the statement.
Credit Suisse Group AG has been merged into UBS Group AG and the combined entity will operate as a consolidated banking group. Today marks the last trading day of Credit Suisse Group AG shares on the SIX Swiss Exchange.
