How much did UBS announce its intent to acquire Credit Suisse for in 2023?
$3.25 billion
$2.5 billion
$4 billion
$5 billion
Answer
On March 19, 2023, UBS announced its intent to acquire Credit Suisse for $3.25 billion (CHF 3 billion) to prevent the bank's collapse. The deal is currently under review, and Credit Suisse remains operational.
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