UBS says it has completed the takeover of stricken rival Credit Suisse

UBS expects to complete its takeover of Credit Suisse “as early as June 12”, which will create a giant Swiss bank with a balance sheet of $1.6 trillion.

Fabrice Coffrini | Afp | Getty Images

Swiss bank UBS released an open letter Monday saying that it had formally completed the takeover of its rival Credit Suisse.

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UBS says it has completed the takeover of stricken rival Credit Suisse

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UBS says it has completed the takeover of stricken rival Credit Suisse

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