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credit suisse management rejected takeover bids before bank's collapse

Credit Suisse's management rejected takeover bids for its investment banking division about a year before the bank's collapse, according to American banker Bob Diamond. The proposals, which included a $5 billion offer, aimed to separate the troubled investment segment from the rest of the bank, but were declined due to ongoing projects. Subsequent attempts to engage with Credit Suisse in early 2023 also failed, leading to its eventual takeover by UBS in March 2023.
SWI swissinfo.ch
Swiss Franc USA CHE Karin Keller-Sutter Diccon Bewes Axel Lehmann Bob Diamond Helene Budliger Artieda Ben Hodges Show more
Finance & Economy, News Article
13:29 16.03.2025
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