UBS seals Credit Suisse takeover to create bank titan
Marion Halftermeyer
Zurich | UBS completed the acquisition of former rival Credit Suisse, sealing the biggest merger in banking since the 2008 financial crisis and creating a global wealth-management titan.
The Swiss bank announced the closing of the deal in an open letter in local and international newspapers on Monday. The takeover of Credit Suisse ends the lender’s 167-year independent existence.
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