Credit Suisse Will No Longer Be Independent: UBS's Kelleher

On March 19th, UBS announced its acquisition of Credit Suisse, marking a significant milestone for both companies and the global financial industry. Credit Suisse, a key player in the Swiss economy, will no longer be independent. This transition offers new opportunities for the combined bank and the Swiss financial center under the leadership of incoming CEO Sergio Armatti.

What significant event took place on March 19th involving UBS?

• UBS announced a merger with Deutsche Bank.

• UBS declared bankruptcy.

• UBS announced it would acquire Credit Suisse.

• UBS launched a new financial product.

How was Credit Suisse described in terms of its role in the Swiss economy?

• A minor player in the Swiss economy.

• A struggling bank in Switzerland.

• An icon of the Swiss economy.

• A new entrant in the Swiss market.

What was the global perception of Credit Suisse before the acquisition?

• A bank with no significant achievements.

• An unknown entity in the financial world.

• A global and respected player.

• A local bank with limited influence.

What does the acquisition of Credit Suisse by UBS signify for the Swiss financial center?

• A decline in financial opportunities.

• A new beginning with huge opportunities.

• A reduction in banking services.

• A closure of financial markets.

Who is set to lead the combined bank after the acquisition?

• Ralph Hamers

• Thomas Gottstein

• Axel Lehmann

• Sergio Armatti