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UBS Group AG (UBSGZ.XC)
- Zacks
UBS Group (UBS) Plans to Divest Credit Suisse's China Unit
UBS Group (UBS) enters into final discussions to sell its China brokerage venture of Credit Suisse. On completion of the transaction, UBS is set to retain 15% ownership of the Credit Suisse venture.
- Reuters
Analysis-UBS market strength puts Swiss industry on edge
UBS's takeover of Credit Suisse has fed a creeping anxiety that Swiss companies will pay a price for the enlarged bank's outsize market strength. The historic 2023 deal created a bank with a balance sheet twice the size of the Swiss economy, and at a stroke eliminated one of the two giants of the Swiss banking landscape. It also narrowed the financing options for the country's high-cost, highly competitive export-orientated companies, especially with Credit Suisse seen as the bank which supported entrepreneurs in areas like export finance.
- Reuters
UBS and Credit Suisse's Swiss units could merge by July 1, executive says
ZURICH (Reuters) -The merger of the Swiss units of UBS and Credit Suisse could be completed as early as July 1, a senior executive at UBS was quoted as saying on Tuesday. UBS, which acquired former rival Credit Suisse last year after the bank's collapse, had previously indicated the two units would be combined during the third quarter. Sabine Keller-Busse, president of UBS Switzerland, told the Neue Zuercher Zeitung newspaper in an interview that the plan was progressing "very well".
