UBS to Sell Stake in Swisscard
American Express To Become Sole Owner Of Swisscard As UBS Sells Its 50% Stake
American Express Company (NYSE:AXP) is poised to become the sole owner of Swisscard after UBS Group AG (NYSE:UBS) announced plans to sell its 50% stake. This comes just days after American Express reported mixed third-quarter results,
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 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 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 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.
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.
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 ...
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UBS sells 50% Swisscard stake to American Express
UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank's 50-percent stake in credit card provider Swisscard.