UBS Faces Tough Choice Over Credit Suisse’s Domestic Business

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UBS has a quandary after agreeing to buy local rival Credit Suisse: what to do with the latter's Swiss business

Combined group would dominate parts of Swiss banking, but a full merger in Switzerland would likely involve thousands of job cutsWSJ’s Patricia Kowsmann explains how the deal to combine UBS and Credit Suisse unfolded and what might come next.

Photo: Hannah McKay/Reuters: Reward shareholders upfront by jettisoning the smaller bank’s Swiss domestic business, or prepare for a painful integration that would make it even more dominant in its home market.Continue reading your article with

 

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