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Credit Suisse takeover: UBS Chairman says deal 'represents enormous opportunities'
Posted
March 19, 2023
Views
31,032
Likes
167
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58
Engagement
0.73%
March 19, 2023
31,032
167
58
0.73%
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3:49Now PlayingColm Kelleher, chairman of UBS Group, said the takeover of Credit Suisse "represents enormous opportunities", adding that his bank's long-term aim would be to downsize Credit Suisse's investment banking business and align it with the "conservative culture" of UBS.
He added: "We have agreed a framework of support with the Swiss regulators which ensures a successful integration in the best interests of Switzerland and protects our shareholders.
"The combination of the two banks further strengthens UBS' position as a leading global wealth manager."
#economy #banking #uk #skynews
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