UBS to Sell Stake in Swisscard
American Express to become sole owner of Swisscard as UBS sells its 50% stake
UBS sells its 50% stake in Swisscard to American Express, transferring Credit Suisse cardholders to its platform by 2025. Amex becomes sole owner of Swisscard as UBS refines its post-acquisition strategy.
UBS sells 50% interest in Swisscard to Amex - report
UBS (NYSE:UBS) announced the sale of its 50% stake in Swisscard to its joint venture partner American Express (NYSE:AXP), Reuters reported on Monday. This transaction will make American Express (AXP) the sole owner of Swisscard,
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 its 50% stake in Swisscard 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% stake in credit card provider Swisscard. UBS will sell its 50% holding in the company to its joint venture partner American Express,
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 ...
UBS将Swisscard股权出售给美国运通
近日，UBS同意将其在Swisscard的50%股权出售给合资伙伴美国运通（NYSE:AXP）。Swisscard是一家信用卡提供商，原属于UBS去年收购的瑞士信贷业务的一部分。此举标志着UBS正在剥离其接管的部分瑞士信贷资产。
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瑞银(UBS.US)向美国运通(AXP.US)出售所持Swisscard 50%股份
瑞银 (UBS.US)正在出售其去年收购的瑞士信贷的部分业务。信用卡供应商Swisscard在一份声明中表示，瑞银将向美国运通 (AXP.US)出售其持有的该公司50%的股份，但交易条款未披露。交易完成后，美国运通将成为Swisscard的唯一所有者，瑞士信贷的客户将转入瑞银现有的信用卡平台。
UBS Sells 50% Stake In Swisscard To American Express
Swiss bank UBS Group (UBS) is selling its 50% stake in credit card provider Swisscard to American Express (AXP). UBS inherited the stake in Swisscard through its acquisition of former rival Credit ...