UBS undertook a significant shipping portfolio by taking over Credit Suisse, a fellow Swiss bank, in an emergency US$3.15 billion deal backed by the government to prevent financial catastrophe, reports Singapore’s Splash 247. Prior to this acquisition, UBS did not have a strong focus on shipping, but it has now gained a substantial presence in the industry. Credit Suisse was the largest bank financier for Greek shipping since 2016, with a Greek portfolio valued at $5.2 billion as of May 2022,...
https://www.seanews.com.tr/ubs-now-leading-greek-ship-financier-with-credit-suisse-takeover/196431/