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Swiss banking giant UBS announced Monday that with Credit Suisse fully merged into UBS, the process of taking over its troubled rival was complete and the pair would operate as a consolidated banking group from now on.
UBS Group AG will on Wednesday seek to reassure shareholders that its unexpected takeover of rival Credit Suisse Group AG in the biggest bank rescue since the last global financial crash can work.
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UBS Group AG will on Wednesday seek to reassure shareholders that its unexpected takeover of rival Credit Suisse Group AG in the biggest bank rescue since the last global financial crash can work.
Last month, Swiss authorities announced that UBS would buy Credit Suisse in a shotgun merger.
ZURICH: UBS Group AG will on Wednesday seek to reassure shareholders that its unexpected takeover of rival Credit Suisse Group AG in the biggest bank rescue since the last global financial crash can work.