Credit Suisse deal will make UBS a wealth management ‘powerhouse’: JPMorgan
The price UBS paid for its Swiss rival is 'attractive' even after factoring in potential losses on Credit Suisse assets, litigation costs and restructuring expenses, according to a report by JPMorgan analysts.
UBS Group’s $3.3 billion acquisition of rival Credit Suisse Group will transform it into a banking juggernaut at a bargain price, JPMorgan analysts said Tuesday.
The deal is set to turn UBS into a wealth management “powerhouse” with “one of the most attractive business models in global ba
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