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UBS chair says integrating Credit Suisse will take at least three years
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Folding Credit Suisse into UBS will take three to four years, and will be hugely risky, UBS chair Colm Kelleher told shareholders on 5 April.
"You have to understand that there is huge amount of risk in integrating these businesses," Kelleher said at the bank's annual meeting. The time frame excludes winding down a noncore portfolio in Credit Suisse's investment bank.
He...
Read more on fnlondon.comAbout this in other media
UBS bosses urged to avoid job cuts and hikes in their pay after Credit Suisse deal theguardian.com /1 year ago
UBS holds first shareholder meeting since controversial Credit Suisse takeover cnbc.com /1 year ago
UBS could cut 30% of staff after Credit Suisse takeover — report fnlondon.com /1 year ago
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