UBS to Sell Stake in Swisscard

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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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 ...