UBS faucets JPMorgan to discover doable IPO of Credit score Suisse’s home enterprise: report – thqaftqlm

UBS faucets JPMorgan to discover doable IPO of Credit score Suisse’s home enterprise: report

Final Up to date: April 13, 2023 at 9:36 a.m. ET

First Printed: April 13, 2023 at 7:42 a.m. ET

UBS UBS CH:UBSG has reportedly tapped JPMorgan Chase & Co. JPM to look right into a doable inventory itemizing for the home enterprise of Credit score Suisse CS CH:CSGN, the Swiss rival it struck a government-backed deal to take over final month. In accordance with a Wednesday report from Zurich finance weblog Inside Paradeplatz, the plan may see UBS maintain a majority stake within the listed firm, creating synergies. Credit score Suisse Switzerland would stick with it as an impartial financial institution, the weblog stated, in accordance with a Google translated model. A spokesman from Credit score Suisse and JPMorgan declined to remark. MarketWatch additionally reached out to UBS.

UBS

UBS


UBSG

has reportedly tapped JPMorgan Chase & Co.

JPM

to look right into a doable inventory itemizing for the home enterprise of Credit score Suisse

CS


CSGN

,
the Swiss rival it struck a government-backed deal to take over final month. In accordance with a Wednesday report from Zurich finance weblog Inside Paradeplatz, the plan may see UBS maintain a majority stake within the listed firm, creating synergies. Credit score Suisse Switzerland would stick with it as an impartial financial institution, the weblog stated, in accordance with a Google translated model. A spokesman from Credit score Suisse and JPMorgan declined to remark. MarketWatch additionally reached out to UBS.

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