UBS completes Swiss mega-merger, gains clout as global wealth player

Reuters | Zurich | Updated: 12-06-2023 10:37 IST | Created: 12-06-2023 10:34 IST
UBS completes Swiss mega-merger, gains clout as global wealth player
Representative image Image Credit: Wikimedia Commons
  • Country:
  • Switzerland

UBS on Monday said it 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.

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