Switzerland

The integration of Credit Suisse into UBS is one step closer: around six months after the definitive takeover of Credit Suisse Group by UBS Group, the merger agreement between the operating companies UBS AG and Credit Suisse AG has now been finalised.

The boards of directors of UBS Group and the two companies have approved the merger, the big bank announced on Thursday. Subsequently, UBS and Credit Suisse have concluded a definitive merger agreement. The merger is therefore expected to be completed in 2024, subject to regulatory approvals. ...