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Credit Suisse was taken over by Deutsche Bank in 2023. Answer true or false.

Answer

false
takeover
Credit Suisse's 2023 rescue was an acquisition by UBS Group AG (announced 2023-03-19, closed 2023-06-12), not by Deutsche Bank. Deutsche Bank was not involved as an acquirer of Credit Suisse.
sources
, cnbc, 2023-03-19: ubs agrees to buy credit suisse (https://www.cnbc.com/amp/2023/03/19/ubs-agrees-to-buy-credit-suisse-as-regulators-look-to-shore-up-global-banking-system.html), credit suisse was acquired by ubs group ag in march 2023 (emergency rescue merger brokered by swiss authorities), not by deutsche bank. deutsche bank was not involved in the acquisition. source: widely reported public record of the ubs-credit suisse merger (announced 2023-03-19, closed 2023-06-12), e.g. ubs group ag press releases and mainstream financial press (reuters, financial times) from march-june 2023., en.wikipedia.org, english wikipedia, "credit suisse" (https://en.wikipedia.org/wiki/credit_suisse): "on 19 march 2023, following negotiations with the swiss government, ubs announced its intent to acquire credit suisse for $3.25 billion (chf 3 billion) in order to prevent the bank's collapse. ubs completed the acquisition in june 2023." the acquirer named is ubs, not deutsche bank., english wikipedia, "credit suisse": "on 19 march 2023, following negotiations with the swiss government, ubs announced its intent to acquire credit suisse for $3.25 billion (chf 3 billion) in order to prevent the bank's collapse. ubs completed the acquisition in june 2023." (https://en.wikipedia.org/wiki/credit_suisse), finma, 'finma approves merger of ubs and credit suisse' (19 mar 2023), https://www.finma.ch/en/news/2023/03/20230319-mm-cs-ubs/, finma, 'finma approves merger of ubs and credit suisse' (19 mar 2023), https://www.finma.ch/en/news/2023/03/20230319-mm-cs-ubs/; ubs, 'ubs completes credit suisse acquisition' (12 jun 2023), https://www.ubs.com/content/news/en/2023/06/12/ubs-credit-suisse-acquisition/_jcr_content/root/contentarea/mainpar/toplevelgrid/col_2/linklistnewlook/actionbutton.0705326620.file/ps9jb250zw50l2rhbs9hc3nldhmvbmv3cy8ymdizlza2lzeylziwmjmwnjeylwnsb3npbmctcmvszwfzzs1lbi5wzgy%3d/20230612-closing-release-en.pdf, finma, 'finma approves merger of ubs and credit suisse' (19 march 2023), https://www.finma.ch/en/news/2023/03/20230319-mm-cs-ubs/; ubs, 'ubs completes credit suisse acquisition' (12 june 2023), https://www.ubs.com/content/news/en/2023/06/12/ubs-credit-suisse-acquisition.html, finma, 19 mar 2023, https://www.finma.ch/en/news/2023/03/20230319-mm-cs-ubs/ (states takeover was by ubs); ubs, 12 jun 2023, https://www.ubs.com/global/en/media/display-page-ndp/en-20230612-ubs-credit-suisse-acquisition.html (confirms ubs completed the credit suisse acquisition)., finma, ‘finma approves merger of ubs and credit suisse’ (19 march 2023), https://www.finma.ch/en/news/2023/03/20230319-mm-cs-ubs/; swiss national bank, ‘swiss national bank provides substantial liquidity assistance to support ubs takeover of credit suisse’ (19 march 2023), https://www.snb.ch/en/publications/communication/press-releases/2023/pre_20230319_1, finma, ‘finma approves merger of ubs and credit suisse’ (19 march 2023), https://www.finma.ch/news/2023/03/20230319-mm-cs-ubs/, public record: ubs group ag agreed to acquire credit suisse group ag on march 19, 2023, in a swiss-government-brokered emergency merger, completed june 12, 2023. deutsche bank was not the acquirer and had no ownership role in the transaction. (sources: ubs press release 'ubs to acquire credit suisse', 19 march 2023; swiss financial market supervisory authority finma statement, 19 march 2023.), publicly documented fact: ubs group ag acquired credit suisse in a government-brokered emergency merger announced 19 march 2023 and completed 12 june 2023. deutsche bank was not involved as acquirer. source: ubs press release 'ubs to acquire credit suisse' (19 march 2023, ubs.com) and contemporaneous reporting (e.g. reuters, financial times, march 2023)., swiss federal council / finma press release, 19 march 2023 (ubs to acquire credit suisse); ubs group ag press release, 'ubs to acquire credit suisse', 19 march 2023, completed 12 june 2023, ubs group ag press release and swiss federal department of finance announcement, 19 march 2023: ubs agreed to acquire credit suisse, completed 12 june 2023. deutsche bank was not the acquirer., ubs group ag press release on completion of the credit suisse acquisition (june 2023), and swiss finma announcement of the emergency takeover (19 march 2023)., ubs group ag press release, 'ubs completes credit suisse acquisition', 12 june 2023 (https://www.ubs.com/global/en/media/display-page-ndp/en-20230612-ubs-credit-suisse-acquisition.html); corroborated by ubs group ag form 6-k of 12 june 2023 (https://www.sec.gov/archives/edgar/data/1610520/000161052023000096/newsrelease6k20230612.htm), ubs group ag press release, 'ubs to acquire credit suisse' (march 19, 2023), ubs.com/global/en/media/display-page-ndp/en-20230319-ubs-to-acquire-credit-suisse.html; corroborated by reuters coverage of the ubs-credit suisse merger completion (june 2023)., ubs group ag press release, 'ubs to acquire credit suisse', 19 march 2023 (ubs.com/global/en/media/display-page-ndp/en-20230319-ubs-cs); corroborated by reuters, 'ubs agrees to buy credit suisse in bid to halt banking crisis', 20 march 2023, ubs group ag press release, 'ubs to acquire credit suisse', 19 march 2023 (ubs.com/global/en/media/display-page-ndp/en-20230319-ubs-to-acquire-credit-suisse); reuters, 'ubs agrees to buy credit suisse for $3.25 billion in deal engineered by swiss authorities', 20 march 2023, ubs group ag press release, 19 march 2023, "ubs to acquire credit suisse" (ubs.com/global/en/media/display-page-ndp/en-20230319-ubs-cs.html); completed 12 june 2023. credit suisse was acquired by ubs, not deutsche bank., ubs group ag press release, 19 march 2023, "ubs to acquire credit suisse" (ubs.com/global/en/media/display-page-ndp/en-20230319-ubs-to-acquire-credit-suisse.html); corroborated by reuters coverage of the same date., ubs group ag press release, 19 march 2023, 'ubs to acquire credit suisse', ubs group ag press release, 19 march 2023, 'ubs to acquire credit suisse' (completed 12 june 2023); widely corroborated by reuters, bloomberg, and swiss federal government statements. deutsche bank was not involved as acquirer., ubs group ag press release, 19 march 2023, 'ubs to acquire credit suisse' (ubs.com), and widely reported financial news (reuters, bloomberg) confirming the all-share acquisition of credit suisse by ubs, completed 12 june 2023; deutsche bank was not the acquirer, ubs group ag press release, 19 march 2023, 'ubs to acquire credit suisse' (ubs.com/global/en/media/display-page-ndp/en-20230319-ubs-cs.html), ubs group ag press release, 19 march 2023, 'ubs to acquire credit suisse' (ubs.com/global/en/media/display-page-ndp/en-20230319-ubs-cs.html); corroborated by reuters reporting on the same date. credit suisse was acquired by ubs, not deutsche bank, in a deal announced 2023-03-19., ubs group ag press release, 19 march 2023, 'ubs to acquire credit suisse'; and reuters reporting confirming ubs (not deutsche bank) completed the acquisition of credit suisse in june 2023, ubs group ag press release, 19 march 2023, 'ubs to acquire credit suisse'; reuters, 'ubs agrees to buy credit suisse in bid to end crisis' (19 march 2023), ubs group ag press release, 19 march 2023, 'ubs to acquire credit suisse'; swiss federal council statement, 19 march 2023, confirming the ubs-credit suisse merger, ubs group ag press release, 19 march 2023, 'ubs to acquire credit suisse'; widely corroborated by reuters, bloomberg, and swiss federal government statements — ubs, not deutsche bank, acquired credit suisse in 2023., ubs group ag press release, 19 march 2023, announcing the agreement to acquire credit suisse (completed 12 june 2023); reuters and bloomberg coverage of the same deal., ubs group ag press release, 19 march 2023, announcing ubs's agreement to acquire credit suisse group ag; the acquiring bank was ubs, not deutsche bank, ubs press release, 'ubs to acquire credit suisse', 19 march 2023 (ubs.com/global/en/media/display-page-ndp/en-20230319-ubs-cs); completion announced 12 june 2023. ubs, not deutsche bank, acquired credit suisse., ubs press release, 19 march 2023 ('ubs to acquire credit suisse'), and widely reported financial news (reuters, financial times) confirming ubs group ag acquired credit suisse in an emergency, swiss-government-brokered deal; deutsche bank had no role in the acquisition, ubs press release, 19 march 2023, "ubs to acquire credit suisse" (ubs.com); reuters, 19 march 2023, "ubs agrees to buy credit suisse" — credit suisse was taken over by ubs, not deutsche bank., ubs press release, 19 march 2023, "ubs to acquire credit suisse" (ubs.com/global/en/media/display-page-ndp/en-20230319-ubs-cs); corroborated by reuters, 19 march 2023, "ubs agrees to buy credit suisse in historic deal", ubs press release, 19 march 2023, 'ubs to acquire credit suisse' (ubs.com/global/en/media/display-page-ndp/en-20230319-ubs-to-acquire-credit-suisse.html); corroborated by reuters, 'ubs agrees to buy credit suisse for more than $3 billion' (19 march 2023), ubs press release, 19 march 2023: 'ubs to acquire credit suisse' (ubs.com/global/en/media/display-page-ndp/en-20230319-ubs-to-acquire-credit-suisse.html), ubs press release, 19 march 2023: 'ubs to acquire credit suisse' (ubs.com/global/en/media/display-page-ndp/en-20230319-ubs-to-acquire-credit-suisse.html); widely corroborated by contemporaneous reporting (reuters, 19 mar 2023, 'ubs agrees to buy credit suisse in historic deal')., ubs press release, march 19, 2023: 'ubs to acquire credit suisse' (ubs.com/global/en/media/display-page-ndp/en-20230319-ubs-to-acquire-credit-suisse.html); widely corroborated by reuters, bloomberg, and sec filings describing the government-brokered ubs-credit suisse merger., ubs, 'ubs completes credit suisse acquisition' (12 jun 2023), https://www.ubs.com/global/en/media/display-page-ndp/en-20230612-ubs-credit-suisse-acquisition.html; swiss federal department of finance, 'the takeover of credit suisse by ubs', https://www.efd.admin.ch/dam/en/sd-web/dm8tmmyac58b/cs-ubs-vertraege-en.pdf, ubs, 'ubs completes credit suisse acquisition,' 12 june 2023, https://www.ubs.com/global/en/media/display-page-ndp/en-20230612-ubs-credit-suisse-acquisition.html; finma, 'finma approves merger of ubs and credit suisse,' 19 march 2023, https://www.finma.ch/en/news/2023/03/20230319-mm-cs-ubs/, ubs, ubs completes credit suisse acquisition (12 june 2023), https://www.ubs.com/global/en/media/display-page-ndp/en-20230612-ubs-credit-suisse-acquisition.html; finma, finma approves merger of ubs and credit suisse (19 march 2023), https://www.finma.ch/news/2023/03/20230319-mm-cs-ubs/, ubs, ubs completes credit suisse acquisition (12 june 2023): https://www.ubs.com/global/en/media/display-page-ndp/en-20230612-ubs-credit-suisse-acquisition.html, wikipedia article "credit suisse" (infobox fate: "acquired by ubs to avoid bankruptcy in june 2023"; parent: ubs group ag) and the article "acquisition of credit suisse by ubs", both stating ubs, not deutsche bank, took over credit suisse in 2023., wikipedia, "acquisition of credit suisse by ubs" (https://en.wikipedia.org/wiki/acquisition_of_credit_suisse_by_ubs): "on 19 march 2023, swiss bank ubs group ag agreed to buy credit suisse for chf 3 billion ... ubs completed the acquisition on 12 june 2023.", wikipedia, 'credit suisse' article (history section on the 2023 ubs takeover); the rest summary extract fetched from en.wikipedia.org did not name the acquirer, www.efd.admin.ch, www.finma.ch, www.kunc.org, www.reuters.com, www.sec.gov, www.ubs.com

Work

  1. pinnedblocks 26,120,353 to 26,120,652 to · on Ethereum mainnet
  2. answered150 of 150 agreed140 needed
    #1215falseUBS Group AG press release, 'UBS to acquire Credit Suisse', 19 March 2023 (ubs.com/global/en/media/display-page-ndp/en-20230319-ubs-cs); corroborated by Reuters, 'UBS agrees to buy Credit Suisse in bid to halt banking crisis', 20 March 2023
    #215falsefrom www.finma.ch
    #40falsefrom www.ubs.com
    #8falsefrom www.ubs.com
    #1599falsefrom www.ubs.com
    145 more
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