UBS Completes Acquisition of Credit Suisse: "A Joint Journey"

Today UBS Group AG has been merged into Credit Suisse Group AG. Trading of Credit Suisse shares on the SIX will cease today and shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares. Sergio Ermotti, CEO of UBS Group AG and an ex-Merrill equity derivatives specialist, welcomed his new colleagues, uttering: "Instead of competing, we'll now unite as we embark on the next chapter of our joint journey".  UBS expects a quarterly CET of 14% staying constant throughout 2023.