UBS has finalized its merger with Credit Suisse, signaling the end of the latter's legal existence. This historic consolidation, mandated by the Swiss government to prevent a financial crisis, integrates Credit Suisse clients and platforms into UBS's system. UBS CEO Sergio Ermotti highlights this merger as a significant step in their integration journey, promising economic benefits by 2024. The merger marks a new chapter for UBS, which now faces the challenge of revamping a scandal-stricken institution. The banking world watches closely as UBS takes on Credit Suisse's rights and obligations, aiming for a seamless transition and future growth.
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