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UBS Group AG is set to cancel payment services for clients in Italy as it moves to phase out some of the businesses it took on when it bought rival Credit Suisse last year.
UBS agreed to acquire Credit Suisse in 2023 for more than $3 billion after that bank failed. Now, UBS is selling its 50% ownership stake in Swisscard to U.S. credit card company American Express.
ZURICH (Reuters) -UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank's 50% stake in credit card provider Swisscard.
UBS Group is selling a 50% stake in credit-card joint venture Swisscard it inherited from Credit Suisse to partner American Express for an undisclosed sum. The deal will make American Express the ...
Porsche Switzerland is restructuring its leasing offerings. Instead of continuing to use the balance sheet of Bank-now — which became part of UBS after the Credit Suisse acquisition — the automaker ...
UBS’s purchase of Credit Suisse has generated a big upfront gain for Apollo Global Management, the alternative asset manager. Just months before March's shotgun takeover by UBS, Credit Suisse ...
UBS said it also expects to save on its tax bill through its merger with Credit Suisse as it reported a sharp reduction in the rate it paid in the second quarter to 20%, compared to the 33.4% rate ...
UBS UBS-N is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank’s 50 per cent stake in credit card provider Swisscard.. UBS will sell its 50 ...
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