General Assembly for UPS all members The board confirmed. As one request compensation to Bank management It was accepted.
Yesterday was in Re-election of the CS-GV Board of Directors and President Axel Lehmann. However, the shareholders rejected the management’s fixed bonus amount for the weeks remaining until the merger.
the UPS will C.S to Three billion francs takes over. In order to reduce the risk to UBS, the federal government is taking it upon itself Guaranteed loss of nine billion Swiss francs.
In general, the federal government and the Swiss National Bank (SNB) provide security guarantees 259 billion francs available.
A collection of the most important articles on the current banking crisis can be found here.
Credit Suisse: acquisition by UBS
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KEYSTONE / Michael Buholzer
UBS acquired the main bank, Credit Suisse. Latest developments regarding CS and the current banking crisis in Switzerland as well as feedback and ratings can be found here.
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