UBS and Credit Suisse Group AG discuss merge

On September 14, 2020 it became known that chairmen of boards of directors of the Swiss UBS Group AG and Credit Suisse Group AG discuss possibility of merges to create the largest bank in Europe. About it reports Inside Paradeplatz with reference to the informed sources. The initiator of the project under the name "Signal" is the chairman boards of directors UBS Axelle Veber. He already discussed idea of association of banks with the minister of finance Switzerland Uli Maurer. The service on supervision of financial markets (Swiss Financial Markets Authority) also is aware of plans. The agreement on merge can be signed at the beginning of 2021, and in...