The new giant Swiss bank has assets worth double Switzerland’s GDP Multinational investment bank UBS announced on Monday that it has completed the acquisition of troubled rival Credit Suisse. The UBS statement described the merger as “crossing an important milestone” and said that Credit Suisse Group AG has been merged into UBS Group AG and that the combined entity will operate as a consolidated banking group. The new financial behemoth has a balance sheet of $1.6 trillion, roughly double Switzerland’s annual output (around $807 billion in 2022). Monday marks the last trading day of Credit Suisse Group shares on t
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