Hats, bags and gold bars emblazoned with Credit Suisse’s logo are being sold on resale sites, having popped up mere hours after the 167-year-old bank was saved from collapse by rival UBS.
The emergency takeover brokered by the Swiss government will mean the end of a bank that began life in 1856 as the Schweizerische Kreditanstalt set up to finance the expansion of the railroad network and industrialization of Switzerland. UBS\n \n has said it will make big cuts to investment banking at Credit Suisse\n \n but it’s not yet clear whether it will retire the brand entirely once the deal is completed later this year.
One seller has listed a black cap, adorned with “Credit Suisse Risk Management Intern 2023,” for 35 Swiss francs on online reseller Tutti.ch. Vintage Credit Suisse stamps, notepads and watches are also being offered for sale. A tiny 10 gram gold bar, etched with the bank’s logo, is currently listed for 661 Swiss francs on Ricardo.ch. UBS, Switzerland’s biggest bank, said Sunday it would buy its smaller rival for 3 billion Swiss francs .
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