• The Swiss government and regulators partly ousted the shareholders and AT1 bondholders via an emergency law on Sunday
• UBS will take over Credit Suisse. CS shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held
• UBS benefits from CHF25bn of downside protection. CS’s Additional Tier 1 Capital of approximately CHF16bn will be written down to zero
• UBS is committed to a progressive cash dividend but has temporarily suspended share repurchases
• Cost reductions of m ....
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Credit Suisse is history. UBS will take over Credit Suisse
- Published:
20 Mar 2023 -
Author:
Dieter Hein -
Pages:
3
• The Swiss government and regulators partly ousted the shareholders and AT1 bondholders via an emergency law on Sunday
• UBS will take over Credit Suisse. CS shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held
• UBS benefits from CHF25bn of downside protection. CS’s Additional Tier 1 Capital of approximately CHF16bn will be written down to zero
• UBS is committed to a progressive cash dividend but has temporarily suspended share repurchases
• Cost reductions of m ....