UBS takeover: Chairman says deal "represents enormous opportunities"

Colm Kelleher, chairman of UBS Group, said the takeover of Credit Suisse "represents enormous opportunities", adding that his bank's long-term aim would be to downsize Credit Suisse's investment banking business and align it with the "conservative culture" of UBS.

He added: "We have agreed a framework of support with the Swiss regulators which ensures a successful integration in the best interests of Switzerland and protects our shareholders.

"The combination of the two banks further strengthens UBS' position as a leading global wealth manager."

Read more: https://news.sky.com/story/ubs-to-take-over-credit-suisse-swiss-central-bank-confirms-12838193

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