Credit Suisse integration will become a case study for future big bank mergers
UBS' takeover of Credit Suisse was the biggest bank merger since the 2008 global financial crisis. The job cuts are expected in the wealth management and markets units. The deal was hastily arranged by Swiss authorities in March 2023 to avert Credit Suiss's collapse. It was the largest bank merger in the history of the financial crisis in the world since 2008.
Switzerland's government said UBS and three other systemically relevant banks must face tougher capital requirements to shield the country's wider economy. UBS to face tougher rules in Swiss response to Credit Suisse rescue, government says. Switzerland says UBS, three other banks to face tough capital requirements.
UBS Group AG is in discussions to attain full ownership of its China platform by swapping its holding in Credit Suisseās onshore securities venture with a Beijing government investment fund. UBS Weighs Stake Swap with Beijing Government. U.S. Group AG in discussions with Beijing government over stake swap.
UBS CEO says integrating Credit Suisse will become a 'case study' for future big bank mergers. Sergio Ermotti: "I hope one day those kinds of mergers between big banks will be allowed" UBS: "We can contribute to that by showing that it's possible"
UBS Soars One Year After Credit Suisse Takeover. UBS soars one year after taking over Credit Suississen. CreditSuisse takeover of UBS in December 2013. Banker UBS has been in the process of buying UBS since 2007.