News Formal

Client letter: UBS winds down Credit Suisse Global Markets business

  • 📰 malaymail
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 86%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

ZURICH, Aug 30 — Credit Suisse said it will reduce the volume of new markets business from September 22 while UBS integrates its former rival, the bank said in a letter sent to...

ZURICH, Aug 30 — Credit Suisse said it will reduce the volume of new markets business from September 22 while UBS integrates its former rival, the bank said in a letter sent to clients, as the 166-year-old firm winds down trading in global securities.

Existing positions will continue to be serviced and flows to Global Wealth Management and the Swiss bank remain unaffected. The move is a further step along UBS’s tricky path to absorbing its fallen rival in the first-ever merger of two global systematically important banks.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 1. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

UBS set to post first results since Credit Suisse mergerFurther integration plans, job cuts, and the bank’s Swiss banking unit plans will be closely monitored.
Källa: fmtoday - 🏆 5. / 72 Läs mer »