UBS to Sell Stake in Swisscard
American Express to become sole owner of Swisscard as UBS sells its 50% stake
UBS is divesting a portion of the Credit Suisse business it acquired last year by selling the fallen bank’s 50% stake in credit card provider Swisscard. According to a statement from Swisscard, UBS will transfer its 50% ownership in the company to its joint venture partner,
UBS sells 50% interest in Swisscard to Amex - report
UBS (UBS) announced the sale of its 50% stake in Swisscard to its joint venture partner American Express (AXP)
UBS to Sell Stake in Swisscard to American Express
UBS Group is selling a 50% stake in credit-card joint venture Swisscard it inherited from Credit Suisse to partner American Express for an undisclosed sum. The deal will make American Express the sole owner of the business, Swisscard said Monday. Credit Suisse and American Express established Swisscard as a joint venture in 1998.
American Express to take over UBS’s stake in Swisscard
American Express (AmEx) is to acquire UBS's 50% stake in credit card provider Swisscard, which the two groups currently hold in equal shares.
UBS Sells Credit Suisse's Stake in Swisscard to American Express
UBS Divests Swisscard Stake to American Express UBS has announced the sale of its 50% stake in Swisscard, a credit card provider, to its joint venture partner, American Express. This strategic decision follows
UBS Sells 50 Percent Stake in Swisscard to American Express
UBS is selling its 50 percent stake in Swisscard to its joint venture partner, American Express. Swisscard announced this on Monday. The combined bank had acquired the stake last year as part of the integration of Credit Suisse. Swisscard issues American Express, Mastercard, and Visa cards to Credit Suisse customers.
Jim Cramer Says Buy The AmEx Dip Citing Love From Millennial And Gen Z Members — Younger Customers Will Stick With The 'Company For Decades'
Jim Cramer highlighted the company's success in attracting a younger customer base, which he believes will ensure its ...
thestockwatcher46m
American Express (NYSE: AXP) Shows Strong Q3 Results and Future Potential
American Express (NYSE: AXP) reported strong third-quarter results, with net income of $2.51 billion, or $3.49 per share, compared to $2.45 billion, or $3.45 per share, in the same period last year.
World Street | American Express earnings beat, AI giant Genesys prepares for IPO, UBS offloads Swisscard stake, and more
From Disney's management rejig to Jeff Bezos-backed Perplexity AI's fundraise plans, here's a look at some of the major developments from across the world.
Wall Street Breakfast Podcast: Perplexity AI Targets $8B Valuation In New Funding
AI search startup Perplexity aims for $8B valuation in new round. UBS sells 50% interest in Swisscard to Amex - report.
Reuters on MSN1d
Car parts supplier Forvia posts slightly lower Q3 sales
UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank's 50% stake in ...