TL;DR CNBC

UBS CEO says integrating Credit Suisse will become a 'case study' for future big bank mergers

Publishing timestamp: 2024-04-05 13:46:26

Summary

Credit Suisse collapsed in March 2023 and was taken over by UBS in a controversial deal brokered by Swiss authorities. UBS CEO believes the merger will serve as a case study for the necessity of creating stronger and more competitive banks in Europe, but acknowledges the challenges in achieving this without banking and capital markets unions.

Sentiment: MIXED

Tickers: UBS,  UBSG-CH, 

Keywords: markets,  ubs group ag,  breaking news: markets,  banks,  business news, 

Source: https://www.cnbc.com/2024/04/05/ubs-ceo-says-credit-suisse-will-be-a-case-study-for-big-bank-mergers.html