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UBS sells its 50% stake in Swisscard to American Express

By CNBC   |   Oct 21, 2024 at 02:23 AM EST
UBS sells its 50% stake in Swisscard to American Express

UBS is selling its 50% stake in Swisscard, acquired from Credit Suisse, to American Express. This move will make Amex the sole owner of Swisscard, with no immediate impact on cardholders.

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