UBS-Credit Suisse Deal ‘Clear Step Toward Stability,’ Staub Says
Earlier this month, UBS bought its long-standing rival for $3.4 billion.
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Swiss regulators that engineered the marriage of UBS Group AG and Credit Suisse Group AG succeeded in stabilizing the nation’s financial system, Vontobel Holding AG Chief Executive Officer Zeno Staub said.
“It’s a very clear step toward stability,” Staub said Wednesday in a Bloomberg TV interview.