Challenges Faced in Integrating Credit Swiss with UBS and Swiss Banks' Action on Transparency

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

This chapter discusses the challenges faced by UBS in integrating Credit Swiss into its business, including client attrition and the need for focus on integration. It also highlights the difficulties of merging two banks and the importance of transparency and money laundering measures in the Swiss banking industry.

UBS has reported the biggest-ever quarterly profit for a bank, eurozone core inflation has edged down, and Switzerland has proposed sweeping measures to clamp down on money laundering.

Mentioned in this podcast:

UBS breaks record with $29bn profit after Credit Suisse deal

‘Deal of the century’ — How UBS’s rescue of Credit Suisse proved a boon

Eurozone core inflation edges down ahead of crunch ECB decision

Switzerland unveils money laundering clampdown

FT Weekend festival promo code: FTPodcast

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.