UBS said Monday it completed its rescue of rival Credit Suisse, marking the end of 167 years of independence for the troubled bank and the beginning of a new stretch in financial history with one dominant Swiss manager of money for the global elite.
Monday was the final trading day for Credit Suisse stock, which has traded on Switzerland’s stock exchange for decades. Its American depositary receipts also will cease trading. Credit Suisse shareholders are receiving one share in UBS for every 22.48 in stock.
Source: https://www.wsj.com/livecoverage/stock-market-today-dow-jones-06-12-2023/card/HLpoN3IH9vIKL5jXrq42?siteid=yhoof2&yptr=yahoo