📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    Who has acquired Switzerland’s Credit Suisse Bank

    facing a financial crisis?
    A Credit Agricole Correct Answer Incorrect Answer
    B HSBC Correct Answer Incorrect Answer
    C Standard Chartered Correct Answer Incorrect Answer
    D UBS Group Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Struggling with the financial crisis, Swiss bank Credit Suisse has been bought by UBS Group AG for 3 billion francs ($ 3.3 billion) under an all-stock deal. Credit Suisse was the second largest bank in Switzerland which has been bought by its biggest rival UBS Group AG. The Swiss government is also showing positive initiative to make this deal a success. The government is helping the bank with more than $100 billion in aid and financial backstops.

    Practice Next
    More Beepedia Questions

    Relevant for Exams:

    ask-question