Swiss bank Credit Suisse expects the merger with UBS to be completed by the end of 2023. In this respect informs RIA Novosti, referring to the letter sent to customers from the bank.
The letter said the merger would bring the two global banks together “with complementary powers and a deep understanding of each other’s business”.
Credit Suisse will continue to operate as usual. At the same time, the credit institution’s customers do not need to do or undertake anything as nothing has changed for them.
The text clarified that the contracts and banking products did not change. In addition, all products related to accounts and cards are working as usual.
March 27, President of the National Bank of Saudi Arabia Ammar al-Khudairi filed He resigned because his words caused a drop in the value of Swiss bank Credit Suisse’s shares.
Prior to that, the Swiss parliament had launched an investigation into the acquisition of Credit Suisse by its rival UBS and its government support in this acquisition.