21 March 2023

ImportantNews, Crucial event, Product news

Crucial event: important notice on the current situation of Credit Suisse

21.03.2023

Crucial event: important notice on the current situation of Credit Suisse

Erste Group Bank AG as distributor of financial instruments issued by Credit Suisse AG has identified a crucial event. This could affect your expectations of risk or return of the financial instruments issued by Credit Suisse.

Credit Suisse and UBS have entered into a merger agreement on Sunday following the intervention of the Swiss Federal Department of Finance, the Swiss National Bank and the Swiss Financial Market Supervisory Authority FINMA (FINMA). UBS will be the surviving entity upon closing of the merger transaction. Credit Suisse has announced that until consummation of the merger to continue to conduct its business in the ordinary course.

Go to the press release:

For further information, please visit: Information about the integration with UBS | Credit Suisse Switzerland