UBS Likely to Keep Credit Suisse Domestic Bank, Rebrand It, Bloomberg Reports
Provided by
Dow Jones
-- UBS Group aims to keep Credit Suisse's domestic bank under a new brand instead of spinning it off, Bloomberg reports, citing unnamed sources.
-- The Swiss lender had previously indicated that it wanted to keep its former competitor instead of shedding it, but executives had downplayed the plan due to potential controversy over job cuts in Switzerland, where UBS now has a powerful command of the market, Bloomberg reported.
-- Executives could outline the plan by the end of August, though it could still change, according to Bloomberg.
Full story: https://shorturl.at/QVWX4
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
August 24, 2023 01:58 ET (05:58 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
Undervalued by 25% and Yielding 5%, This Stock Is a Buy
-
Can AI Predict Future Stock Returns?
-
The Best Energy Stocks to Buy Now
-
10 Undervalued Wide-Moat Stocks
-
Obesity Drugs: Can New Firms Take Market Share From Eli Lilly and Novo Nordisk?
-
New 4-Star Stocks
-
Intel Fair Value Left Unchanged Despite Qualcomm Takeover Talk
United States