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https://www.wsj.com/articles/credit-suisse-era-ends-after-ubs-takeover-becomes-official-a0d677ee

Credit Suisse Era Ends After UBS Takeover Becomes Official

UBS initially will operate Credit Suisse as a separate bank, says it expects full integration to take three to five years

By Margot Patrick
UBS bought Credit Suisse after the smaller bank lost the confidence of customers and investors. Photo: fabrice coffrini/Agence France-Presse/Getty Images

UBS said Monday it completed its rescue of rival Credit Suisse, marking the end of 167 years of independence for the troubled bank and the beginning of a new stretch in financial history with one dominant Swiss manager of money for the global elite.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.