Choose a language
Shortpedia Categories
Company
Download App




UBS completes takeover of failed Swiss Bank in biggest bank merger since 2008

Shortpedia
Content Team
Image Credit: latestly

UBS announced that it had successfully completed the emergency takeover of its struggling local competitor Credit Suisse, resulting in the creation of a massive Swiss bank with a $1.6 trillion balance sheet and stronger strength in wealth management. According to a statement by USB, the largest banking transaction since the global financial crisis of 2008 will provide 'challenges' as well as "many opportunities" for its customers, workers, shareholders, and Switzerland.


SMART CONTENT APP Hand picked content everyday

Shortpedia is a short news app which provide latest news in 70 words in Hindi or English Language. Read Breaking News on our Mobile App which is available on Google Play Store & Apple App Store.

Download App


Copyright © 2019 ShortPedia. All Rights Reserved.