More clout: A Credit Suisse branch office in Bern. European banks are trying to bulk up in their home markets before long-awaited cross-border consolidation takes hold. — Reuters
ZURICH: Credit Suisse Group AG’s departing chairman Urs Rohner gives the strongest indication yet that the bank may consider a combination with its biggest rival, saying a merger with UBS Group AG isn’t “unreasonable” and will bring benefits.
UBS and Credit Suisse are smaller than rivals in the United States and less richly valued by investors, and a single institution would have more clout, Urs Rohner said in an interview with Swiss newspaper Schweiz am Wochenende.
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