UBS Group (UBS) Closes UBS AG and Credit Suisse AG Merger
UBS(UBS) ZACKS·2024-06-03 22:46
UBS Group AG (UBS) has achieved a milestone in its integration with Credit Suisse by finalizing the previously announced merger of UBS AG and Credit Suisse AG. The merger was completed within the planned timeline, thanks to significant backing from regulators around the world.Shares of UBS Group rose 2.1% with the announcement of the deal's closure.The acquisition is expected to allow UBS Group to fortify its position as a preeminent global wealth manager.Merger & Other DetailsFollowing this merger, Credit ...