UBS Sells Credit Suisse's Stake in Swisscard
UBS Sells Its 50% Stake in Swisscard to American Express
ZURICH (Reuters) - 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 credit card provider Swisscard. UBS will sell its 50% holding in the company to its joint venture partner American Express, Swisscard said in a statement.
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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 ...
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