Credit Suisse cranks up signal over merger with UBS
06 December 2020 - 19:29
Zurich — Credit Suisse’s departing chair, Urs Rohner, gave the strongest indication yet that the bank may consider a combination with its biggest rival, saying a merger with UBS is not “unreasonable” and would bring benefits.
UBS and Credit Suisse are smaller than rivals in the US and less richly valued by investors, and a single institution would have more clout, Rohner told Swiss newspaper Schweiz am Wochenende. While declining to comment on “rumours” about a possible combination, he said bank chairs have a duty to think about such scenarios...
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