Switzerland’s largest bank, UBS, has reached an agreement for more than $2 billion to acquire rival Credit Suisse, which is on the verge of bankruptcy after TRON (TRX) founder Justin Sun’s $1.5 billion bid.
According to the report of the Financial Times, Credit Suisse, which was dragged to the brink of bankruptcy due to global bankruptcies, started the transfer process to UBS as a result of an agreement exceeding 2 billion dollars. The fate of the bank is still uncertain. TSI 19 March evening TRON founder Justin SunNotable for acquiring Credit Suisse in offer had submitted.
If UBS withdraws from the agreement 1.5 billion dollars Stating that he is ready with his offer, Justin Sun, in case he buys the bank, will prioritize crypto-focused studies had stated:
I would like to submit my own offer of $1.5 billion to acquire Credit Suisse and integrate it into the Web3.0 world. We can take advantage of the country’s progressive policies and position ourselves as a leader in financial innovation.
According to the Bloomberg report, the agreement between UBS and Credit Suisse Swiss National Banktook action to provide $100 million liquidity in . Credit Suisse, in a statement that it has signed a merger agreement with UBS, transfer process continues and stressed that all the activities of the bank will be carried out without any disruption in this process.
On the other hand, Justin Sun, previously bankrupt Voyager Digital And Celsius Network He also offered rescue plans for the country, but according to official sources, he did not make any concrete investments in any project. Especially Digital Currency Group (DCG) Justin Sun, who took the stage during the crisis, declared that he was ready to spend 1 billion dollars to buy the assets of the company, but this offer was also inconclusive.
Problems in US banks and Credit Suisse continue to cause concern for the global banking sector, leading investors to see it as a safe haven. Bitcoin (Bitcoin) And under continues to lead.
In the last 1 week according to CoinGecko data 28’4%Bitcoin, which exhibits an upward performance of , at the time of writing at $28,351 is being traded.