UBS and Credit Suisse: bank merger possible

by time news

A full merger would create one of the largest systemically important financial institutions in Europe. The balance sheet total of UBS – the largest Swiss bank – amounted to the equivalent of 1030 billion euros in 2022, that of Credit Suisse to the equivalent of 535.44 billion euros. In 2022, UBS had made a profit of 7.6 billion dollars (currently 7.07 billion euros). Credit Suisse, on the other hand, reported a loss of CHF 7.3 billion (EUR 7.4 billion).

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