US EditionUBS Completes Migration of Credit Suisse Clients in Switzerland
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9 Articles
UBS Group CEO Sergio Ermotti spoke of one of the most complex integrations in banking history.
Last weekend, Grossbank transferred the last customers of its former rival to its platform. Now, it can start raising the cost benefits. Bankers who worked on it could soon lose their job.
UBS has taken another step in integrating the operations of the defunct Credit Suisse. The leading Swiss bank announced on Wednesday that it has finalized the acquisition of its rival's Swiss-registered clients, which it acquired in a rushed move in March 2023.
UBS Migrates Gigantic 1.2 Million Credit Suisse Client- now faces rgulatory battle
Quick Answer: UBS has completed the most complex stage of its Credit Suisse integration, transferring 1.2 million former rival clients onto its own systems after a ten-month operation requiring more than 80,000 tests and 132,000 hours of staff training. The milestone marks the first completed integration between two global systemically important banks — but UBS now faces a potentially more difficult battle: a Swiss government proposal that could…
UBS Completes Credit Suisse Client Migration
UBS has announced the successful completion of migrating former Credit Suisse clients in Switzerland onto its banking platforms. This marks a significant milestone in the ongoing integration of Credit Suisse, which UBS acquired in 2023. UBS is a global financial services firm providing wealth management, asset management, and investment banking services. With this integration, it aims to create a stronger, more diversified financial institution.…
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