Credit Suisse Group AG acquires Credit Suisse Group AG - 2025-07-01

UBS acquires Credit Suisse for $3.25 billion

UBS acquires Credit Suisse for $3.25 billion

07/01/25, 5:27 PM

Location

zurich

zurich

Industry

finance

financial services

finance

financial services

UBS has successfully acquired Credit Suisse for $3.25 billion amid fears of a potential global banking crisis. The takeover was necessitated by the collapse of Credit Suisse in March 2023. The Swiss government, central bank, and FINMA facilitated the merger to stabilize the banking sector.

Company Info

Company

Credit Suisse Group AG

Location

Zurich, Zurich, Switzerland

Company info

Credit Suisse Group AG was a global wealth manager and investment bank, headquartered in Zurich. It was one of the largest banks in Switzerland, providing various financial services until its collapse in 2023. Credit Suisse was considered too big to fail.

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