Credit Suisse and UBS may see a possible merger as the chairmen of both banks are already considering creating a single European banking giant, according to reports. The move would create one of Europe's largest financial institutions, and could boost the efforts of both to gain valuable market share in Asia. Consultants from McKinsey & Company have reportedly been tapped to draw up plans for a "mega-merger." Reported by vetted financial blog Inside Paradeplatz, the merger project has been named Signal and is headed by UBS chairman, Axel Weber, who is in talks with Urs Rohner from Cr...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes