UBS to Sell Stake in Swisscard
UBS to Sell Stake in Swisscard to American Express
UBS Group is selling a 50% stake in credit-card joint venture Swisscard it inherited from Credit Suisse to partner American Express for an undisclosed sum. The deal will make American Express the sole owner of the business, Swisscard said Monday. Credit Suisse and American Express established Swisscard as a joint venture in 1998.
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On Monday 21 October 2024, UBS Europe SE, Luxembourg Branch announced that it has completed the integration of... }} ...
ZURICH (Reuters) - UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen ...
Swiss bank UBS Group (UBS) is selling its 50% stake in credit card provider Swisscard to American Express (AXP). UBS inherited the stake in Swisscard through its acquisition of former rival Credit ...
The investment banking frenzy among American rivals may reignite debate over what role this business should play at UBS.
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