UBS officially accepts all outstanding debts of Credit Suisse.

[UBS Group formally accepts all outstanding debts of Credit Suisse] UBS announced that as of June 12, the outstanding debt of Credit Suisse under its outstanding debt securities is now borne by UBS. All remaining securities under the stock symbol "CS" will constitute outstanding debt securities issued by Credit Suisse subsidiaries. The independent ratings of these outstanding instruments will remain unchanged, subject to any rating actions taken by the agencies. At the same time as the acquisition was completed, UBS also announced nominations for the board of directors of some Credit Suisse entities. Subject to regulatory approval, the board of Credit Suisse will have Lukas G ä hwiler as chairman and Jeremy Anderson and Christian Gellerstad as vice-chairmen.