UBS sells its 50% stake in Swisscard to American Express, transferring Credit Suisse cardholders to its platform by 2025. Amex becomes sole owner of Swisscard as UBS refines its post-acquisition strategy.

UBS (UBS) announced the sale of its 50% stake in Swisscard to its joint venture partner American Express (AXP)

American Express (AmEx) is to acquire UBS's 50% stake in credit card provider Swisscard, which the two groups currently hold in equal shares.

UBS Divests Swisscard Stake to American Express UBS has announced the sale of its 50% stake in Swisscard, a credit card provider, to its joint venture partner, American Express. This strategic decision follows

UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank's 50% stake in credit card provider Swisscard. UBS will sell its 50% holding in the company to its joint venture partner American Express,

UBS is selling its 50 percent stake in Swisscard to its joint venture partner, American Express. Swisscard announced this on Monday. The combined bank had acquired the stake last year as part of the integration of Credit Suisse. Swisscard issues American Express, Mastercard, and Visa cards to Credit Suisse customers.