By Cecilia Butini UBS Group said Thursday that it would retain Credit Suisse's domestic bank and reported its first set of results since acquiring its former...
UBS Group said Thursday that it would retain Credit Suisse's domestic bank and reported its first set of results since acquiring its former rival.
The retention of Credit Suisse's domestic bank will be the best outcome for UBS and the Swiss economy, Chief Executive Sergio P. Ermotti said. Analysts expected this to be UBS's decision and said it would be the best outcome for shareholders.
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