UBS Group AG has completed its acquisition of former rival Credit Suisse, effectively ending the latter’s legal existence. Credit Suisse, deregistered from the Commercial Register of the Canton of Zurich, ceased to exist as a separate entity. This merger solidifies UBS’s efforts to integrate Credit Suisse’s clients and platforms, facilitating cost, capital, funding, and tax benefits. The merger marks the end of Credit Suisse, which was founded in 1856 and faced a series of crises and scandals over recent years. UBS has carved off unwanted assets, restructured leadership, and merged IT systems since the emergency takeover initiated slightly over a year ago. Credit Suisse’s shares were de-listed on June 13 from both the Swiss and New York stock exchanges.
Banking and Finance, Mergers and Acquisitions (M&A),Switzerland, Global
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