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Economy
UBS completes Credit Suisse takeover to become wealth giant
2023-06-13
[AlArabiya] UBS on Monday said it had completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank with a balance sheet of $1.6 trillion and greater muscle in wealth management.
Goody.
“This is the start of a new chapter - for UBS, Switzerland as a financial centre and the global financial industry,” UBS CEO Sergio Ermotti and Chairman Colm Kelleher said in an open letter published in Swiss newspapers.
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Posted by:badanov

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