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Credit Suisse’s wreckage

Over CHF 10 billion in fines, over CHF 30 billion in bonuses and countless scandals

Poor management

Loss of customer and depositor confidence;

Wave of massive withdrawals in a record time

Credit Suisse:

Too big to fail ?

UBS decided to take over Credit Suisse for CHF 3 billion (or CHF 0.76 per share) on March 19, 2023, whereas just two months later it valued the company at CHF 34 billion (or around CHF 8.68 per share) in its merger announcement to the US financial regulator on May 16, 2023.
At the close of stock market on Friday March 17, 2023, Credit Suisse was still worth at least CHF 7 billion, or CHF 1.86 per share.

Credit Suisse has been sold below its market price – UBS valued it at around CHF 34 billion, or 10 times the price paid to shareholders…

According to its financial statements published on August 31, 2023, UBS had already recorded an extraordinary profit of nearly 30 billion Swiss francs by June 30, 2023 following its merger with Credit Suisse and had drastically increased its provision for litigation from 3 billion to 6 billion Swiss francs.

7 billion

Value of Credit Suisse at the close of trading on March 17, 2023

3 billion

Acquisition of Credit Suisse
by UBS on March 19, 2023

34 billion

Valuation of Credit Suisse
by UBS in May 2023

Defend your rights

Join the Swiss Association for the Defense of Shareholders (ASDA), led by three Geneva law firms, in coordination with a Zurich law firm, who have brought an action before the Zurich Commercial Court.

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