Credit Suisse brand will continue to exist until deal with UBS closes

Earlier, Switzerland’s National Bank announced that UBS, the nation’s biggest bank, would acquire the assets of Credit Suisse for $3.2 billion.

The Credit Suisse name will exist until the acquisition is completed, according to Lehmann.

The administration of UBS will then decide whether to keep the brand. At the press conference, it was also disclosed that Credit Suisse branches would carry on with business as normal.

source: luzernerzeitung.ch