UBS completes merger of UBS and Credit Suisse parent companies

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 48 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 63%

Credit Suisse News

Swiss Bank,UBS Switzerland

Swiss bank UBS said on Friday it had completed the merger of the main parent companies of the Swiss lender and its longtime rival Credit Suisse, which it...

ZURICH - Swiss bank UBS said on Friday it had completed the merger of the main parent companies of the Swiss lender and its longtime rival Credit Suisse, which it acquired last year.

The parent merger is expected to allow the Swiss bank to get started with trickier stages of the integration such as combining IT systems, migrating clients from Credit Suisse and cutting the enlarged bank's workforce of more than 110,000. The step follows a shake-up in the executive board of the bank announced on Thursday which will split its top wealth management role, carving out new responsibilities for two leading contenders to run the bank after Ermotti.

The TFSA is the perfect place to compound wealth over decades. Don't pay any tax on these top five growth stocks with big upside ahead! The post 5 Canadian Stocks to Hold in Your TFSA For Decades appeared first on The Motley Fool Canada.The Bank of Canada will trim interest rates to 4.75% on June 5, according to three-quarters of economists in a Reuters poll which showed three further cuts this year, with the last one hanging on a knife's edge.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UBS completes merger of UBS and Credit Suisse parent companiesExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »