UBS CEO: Surprise comeback, Credit Suisse, and winning
In Good Company with Nicolai Tangen
Crisis and Transformation: UBS Acquires Credit Suisse
This chapter explores the tumultuous events leading to UBS's acquisition of Credit Suisse in March 2023, reflecting on the unsustainable business model of Credit Suisse and the urgency of crisis management. It highlights Switzerland's successful measures to avert a larger banking crisis while discussing the emotional struggles of Credit Suisse employees and the potential for transformation. The chapter also emphasizes the complexities and opportunities presented by merging two historical rivals in the banking sector.
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