Credit Suisse gold bars in demand after takeover by UBS

Within hours of UBS's takeover of Credit Suisse being announced, more memorabilia bearing the name and logo of lender Credit Suisse was put up for sale in Switzerland, marking the end of an era Marks. Dozens Gold bars with the name of the issuer – Credit Suisse founded in 1856 – were uploaded to the country's most popular online marketplaces, Ricardo.ch and tutti.ch.

Credit Suisse has a LBMA accreditation and produced bars of gold, silver, platinum and palladium. Many of these bars are still in circulation worldwide and are stored here and there in safes. Also, these bars are still offered by gold traders. Due to the takeover of the Swiss bank by UBS, it is uncertain whether these bars will remain in production.

Blue and red ski helmets with the letters 'CS', which were very fashionable in the 1970s, were also very popular. These helmets received bids of up to almost 200 Swiss francs (about €200 euros). Other items for sale include stamps, old letters, and sports bags bearing the logo of the 166-year-old bank.

Acquisition of Credit Suisse

Credit Suisse was sold for 3 billion Swiss francs last Sunday. Inherited by competitor UBS, with the Swiss government guaranteeing CHF 9 billion in potential losses and the central bank providing CHF 100 billion in liquidity. This takeover, which was carried out in cooperation with the government and the central bank, prevented the bank from collapsing.

Since it is still unknown whether the Credit Suisse brand name will continue to exist, the sellers are trying to attract those who are looking for a piece of Swiss financial history. Credit Suisse will remain an independent brand until the merger is complete, at which point UBS will decide whether to pull the plug on Credit Suisse's separate identity.

Corporate gifts from the recently collapsed Silicon Valley Bank have also become popular with collectors, as have merchandise related to Lehman Brothers, which filed for bankruptcy during the 2008 financial crisis.

The image above this article is taken from Marco Versch and is freely available under the Creative Commons 2.0 license.