UBS and Credit Suisse to continue to operate independently for the foreseeable future
UBS Group AG will initially manage the two separate parent companies – UBS AG and Credit Suisse AG.
UBS Group AG will initially manage the two separate parent companies – UBS AG and Credit Suisse AG.
In the first quarter, UBS attracted $28bn of net new money in GWM, of which $7bn came in the last ten days of March.
Credit Suisse’s performance in Q1 2023 was mainly impacted by actions leading up to the planned merger with UBS.
The UBS-Credit Suisse discussions were initiated jointly by the Swiss Finance ministry, FINMA, and the Swiss National Bank.