UBS tells investors shotgun Credit Suisse takeover a ‘major challenge’
BASELĀ -UBS executives told shareholders on Wednesday that its unexpected takeover of Swiss rival Credit Suisse in the biggest bank rescue since the global financial crisis was a milestone for the industry and a major challenge for the bank. Describing the transaction as “the first merger of two globally systematically important banks,” chairman Colm Kelleher … Continue reading UBS tells investors shotgun Credit Suisse takeover a ‘major challenge’
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