Speaking in front of
shareholders for the final time, UBS s outgoing chief
executive acknowledged the unexpected merger with Credit Suisse
had led to new priorities for the Swiss bank. . | April 5, 2023
UBS can handle the risks from taking over Swiss rival bank Credit Suisse, UBS Chief Executive Ralph Hamers told broadcaster SRF.In a package orchestrated by Swiss regulators on Sunday, UBS will pay 3 billion Swiss francs ($3.23 billion) for 167-year-old
Switzerland awoke to a new era on Monday after UBS swept up Credit Suisse in a government-brokered rescue that dented the country s long-held pride in its banking expertise.