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On 19 March 2023, Swiss bank UBS Group AG agreed to buy Credit Suisse for CHF 3 billion (US$3.2 billion) in an all-stock deal brokered by the government of Switzerland and the Swiss Financial Market Supervisory Authority.
The Americas region comprises Credit Suisse's operations in the US, Canada, the Caribbean and Latin America. Our three divisions are strongly represented across the region. With offices in 44 cities spanning 14 countries, we offer our clients local access to our global resources in their home markets.
SNB later revealed in a market statement that its investment in Credit Suisse made up less than 0.5% of its total assets and 1.7% of its investment portfolio. ?Changes in the valuation of SNB's investment in Credit Suisse have no impact on SNB's growth plans and forward looking 2023 guidance,? it said.
'Swiss Credit') is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zurich, it maintains offices in all major financial centers around the world and provides services in investment banking, private banking, asset management, and shared services.
Each Credit Suisse shareholder will receive cash in lieu of any fractional UBS Group AG Shares that such stockholder would otherwise receive in the transaction. Note that if you hold Credit Suisse ADSs, the Credit Suisse Depositary may charge you certain fees in connection with the transaction.
UBS Wealth Management In Canada: The materials on the UBS Website are distributed in Canada by UBS Investment Management Canada Inc., a wholly-owned subsidiary of UBS Bank (Canada).
Headquartered in Zurich, Switzerland, we have a global reach with operations in about 50 countries and employ more than 45,000 people from over 150 different nations.