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UBS Begins Next Act in Credit Suisse Merger

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UBS booked a record $29 billion net profit last quarter after it integrated Credit Suisse into its books.

ShareSwiss bank UBS agreed to take over its longtime rival Credit Suisse as authorities seek to halt a dangerous decline in confidence in the global banking system. WSJ’s Patricia Kowsmann explains how the deal unfolded and what might come next.

Photo: Hannah McKay/Reutersbooked a record $29 billion net profit last quarter after it integrated Credit Suisse into its books. But the gargantuan gain comes with an equally large challenge to meld the banking giants.Continue reading your article with

 

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