UBS set to complete $3.25bn acquisition of Credit Suisse by 12 June
UBS agreed to acquire Credit Suisse for $3.25bn in March
UBS announced that it was acquiring Credit Suisse on 19 March, a firesale of its Swiss rival after clients pulled billions in assets amid a crisis of confidence
AFP via Getty ImagesUBS is set to complete its $3.25bn acquisition of cross-town rival Credit Suisse by 12 June.
The two banks said in statements that the deal, pushed through at the behest of the Swiss government as Credit Suisse teetered on collapse, will complete later than expected on 12 June. The banks had initially targeted the end of May.
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