UBS Chair: Credit Suisse Integration to Take Up to 4 Years

The video discusses the merger between UBS and Credit Suisse, where Credit Suisse shareholders will receive UBS shares. The Swiss Government used emergency powers to bypass shareholder approval for the merger. The acquisition aims to stabilize the financial center, offering benefits to clients and shareholders. The integration is expected to take 3-4 years, with significant cost reductions anticipated by 2027. Despite potential risks, UBS is confident in maintaining financial stability and capital targets post-merger.

What is the expected duration for the integration of the businesses?

What is the expected annual run rate cost reduction from the transaction by 2027?